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Review all of the section on Contract Formation in Ch. 14 (14-1b). Sage Brushes is looking to buy materials for its brushes. List and explain
Review all of the section on Contract Formation in Ch. 14 (14-1b).
Sage Brushes is looking to buy materials for its brushes.
List and explain the eight principles of contract formation they will want to follow under UCC Article 2.
- list and explain the three basic principles (see "Formation Basics"),
- list and explain the three writing and enforceability requirements (see to "Statute of Frauds"), and
- explain what happens to terms if (1) the other party adds terms that are not in the offer AND (2) if the other party puts in different terms than those already in the offer (i.e. terms that contradict those in the offer) (see "Added Terms").
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