Question
Seth is not obligated to sell. One may assume that this would be considered a valid contract using the statue of frauds clause under the
Seth is not obligated to sell. One may assume that this would be considered a valid contract using the statue of frauds clause under the UCC. A signed document was sent by Nina and Seth did not decline the offer. The uniform commercial code states that the price asked must be reasonable. Selling a car at 30% below blue book value is not a reasonable price. This contract is not valid.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
