Valcor Machinery, a company in Mississippi, sent a purchase order to Grumman Manufacturing, a U.S. company in North Carolina, for a 5000 butterfly valves $300,000. Valcor needed the valves to stock the distribution warehouse with replacement parts for construction equipment. The order did not specify how disputes between the parties would be settled. Grumman returned a definite, unconditional acceptance that contained one additional term, which stated that disputes must be submitted to arbitration. Valcor received the acceptance; however, he never agreed or objected to the additional term. Part 2: Grumman orally contracted to purchase 200 gate valves valued at $60,000 from Kitz Japan Products in Japan. Explain the status of the contract between Valcor and Grumman If a contract was formed, did the additional term in the acceptance become part of the contract? Is the contract between Grumman and Japan legally enforceable? (Additional research outside of the textbook may be necessary)