How does the UCC change the effect of the common law requirement that the terms of a contract be definite?
Answer to relevant QuestionsAssume that seller A sends B, the buyer, a form offering to sell certain goods. B returns a form accepting the offer. The two forms do not agree on every point. Do A and B have a contract under Article 2? Why or why not? Auburn Plastics sent a letter to CBS offering to manufacture molds that CBS used to make parts for toys. The letter offer stated that CBS had fifteen days to accept or the option would lapse and that if CBS did accept the ...Johnson purchased a television set on thirty days’ credit from Martinson & Kelly TV Sales and Service Center. While filling out the credit application, Johnson made false statements about his credit rating. Shortly after ...On November 7, 1960, Crosby purchased a tractor and plow for $ 3,000 from Lane Farm Supply, Inc., on an approval basis. The length of time of the trial period was not definitely stated. After the purchase, when questioned ...On November 15, the Bon Ton Corporation entered into a contract to purchase 100 leather chairs from Rudnick Manufacturing Company. Both companies are in the same city. Bon Ton prepaid 50 percent of the purchase price but ...
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