Q10- What is the difference between a shipment contract and a destination contract?In both types of contracts explain when the title passes from the seller to the buyer and which of the two parties (buyer and seller) has the risk of loss during shipment?

Q9- The UCC allows contracts to be formed even if the offer and acceptance are missing what would normally be considered "important" contract terms.There are five "open terms" explained in your textbook.What are they and how is each of them resolved?(Hint:The first one is "open price. "If the price term is not set in the offer to create sales or lease contract, a "reasonable price" is implied at the time of delivery.Since I have given you one of them you will be graded on the other four.

Q8- Answer the following questions with respect topromissory estoppel.

1. Is it anequitabledoctrine or alegaldoctrine?Briefly explain the difference between equitable and legal doctrines.

2. What are the four elements that must be shown for the doctrine of promissory estoppel to apply?

3. In what two situations, discussed in your textbook, ispromissory estoppelcommonly used to enforce otherwise unenforceable contracts?

Q7- In addition to suing for breach of contract or cancelling the contract, a seller may use if a buyer is in breach of contract.Briefly explain four (4) of those six.