Question
When a dispute arises between two merchants over a contract exclusively for the sale of goods of the kind they regularly trade in and valued
When a dispute arises between two merchants over a contract exclusively for the sale of goods of the kind they regularly trade in and valued at $15,000, does the court have discretion to decide between applying common law contract rules and applying the rules of the Uniform Commercial Code (UCC)?
No, the court is obligated to apply UCC rules.
No, the court must first obtain consent from both parties before applying UCC rules.
Yes, unless the merchants have previously engaged in business together.
Yes, as long as the contract states the court has such discretion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started