The UCC should require the same degree of definiteness of terms, especially with respect to price and

Question:

The UCC should require the same degree of definiteness of terms, especially with respect to price and quantity, as contract law does. Explain

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text and Cases

ISBN: 978-1337374491

14th edition

Authors: Kenneth W. Clarkson, Roger Miller, Frank B. Cross

See More Books

Question Posted: May 26, 2017 09:57 AM

See More Questions

Compare and contrast financial statement fraud with embezzlement and misappropriation, especially with respect to who usually commits the fraud. Also contrast the different kinds of fraud with...
Youre the CFO of the Littleton Lighting Company. Joan Brightway, the president, has approached you and the firms other senior executives with a proposal to take the company private through an LBO....
Wal-Mart and Sears (prior to its merger with Kmart), two large retailers in the United States, offer an interesting study in contrasts. Wal-Mart has steadily grown to become the world's largest...
The following is an example of the reasoning of a rule utilitarian: "if the practice of lying is bad, then one ought not to lie now, even if in this case to lie would actually bring about better...
Determine the moment of inertia of the area about the xaxis. -4y = 4-x2 1 ft 2 ft
answer 21-24 please Use the following to answer questions 19-24 The following balance sheet items, listed in alphabetical order, are available from the records of AHY Corporation at December 31,...
What specific factors contribute to holding period premiums?
Disney's Hannah Montana: The Movie opened on Easter weekend in April 2009. Over the three-day weekend, the movie became the number-one box office attraction (The Wall Street Journal, April 13, 2009)....
Which of these is likely a common feature of a growth stocks? A. high dividend yield. B. slow expected EPS growth. C. above average P/E ratios. D. below average P/B ratios.
Forth Company owned 85,000 of Brown Companys 100,000 shares of common stock until January 1, 20X2, at which time it sold 70,000 of the shares to a group of seven investors, each of whom purchased...
1. How did the CISG's rules in regard to the formation of contracts affect the lower court's holding in this case? 2. Did the appellate court agree with the lower court's analysis and application of...
1. What did the contracts between the plaintiffs and the defendants require the defendants to do? What goods did the contracts involve? What standards applied to the goods? 2. What was the...
A company issues a $3,000,000, 12%, five-year bond that pays semiannual interest of $180,000 ($3,000,000 12% ), receiving cash of $3,146,200. Journalize the bond issuance.
When a supersonic airflow, $M=1.8$, passes through a normal shockwave under sea level conditions, what are the values of the stagnation pressure before and after the normal shockwave?
Eastern University, located in central Canada, prides itself on providing faculty and staff with a competitive compensation package. One aspect of this package is a tuition benefit of $$4,000$ per...
What is the formula for calculating return on investment (ROI)?
Air enters a 5.5-cm-diameter adiabatic duct with inlet conditions of $\mathrm{Ma}_{1}=2.2, T_{1}=250 \mathrm{~K}$, and $P_{1}=60 \mathrm{kPa}$, and exits at a Mach number of...
At the various activity levels shown, Taylor Company incurred the following costs. Required: Identify each of these costs as fixed, variable, or mixed. Units sold 20 40 60 80 100 a. Total salary cost...
Environmentalists accuse us of blocking the plan to convert Antarctica into a world park. In fact, nothing could be further from the truth. Antarctica is a huge continent teeming with life. It is the...
Show that if A is any m n matrix, then Im A = A and AIn = A.
How is an offer terminated? Assuming that Durbin did not inform Amstel that he was rejecting the offer, was the offer terminated at any time described here? Explain. Shane Durbin wanted to have a...
Suppose that the day after Lucy signed the purchase agreement for the farm, he decided that he didnt want it after all, and Zehmer sued Lucy to perform the contract. Would this change in the facts...
Besides breach of contract, Trell charged the defendants with fraud, misappropriation of property, breach of fiduciary duty, unfair competition, conversion, and conspiracy with intent to defraud....
A proposed $2.5 M investment in new equipment at a 100 MG/y M&Ms factory will save the plant $800,000/y in energy costs. Assuming an annual interest rate of 5%/y (compounded annually), and an...
Brief Exercise 10-7 Coronado Company obtained land by issuing 2,250 shares of its $14 par value common stock. The land was recently appraised at $103,240. The common stock is actively traded at $44...
The following schedule reconciles Cele Co.'s pretax GAAP income Pretax GAAP income Nondeductible expense for fines Tax deductible depreciation in excess of GAAP depreciation expens Taxable rental...

The UCC should require the same degree of definiteness of terms, especially with respect to price and

Question:

Step by Step Answer:

Contract law requires definiteness sufficient for the parties to ascertain the contracts essent...View the full answer

Business Law Text and Cases

Students also viewed these Business Law questions