Kia, the CEO of Kiacorp, a company that manufactured airplanes, entered into a contract with Trevon,...

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Kia, the CEO of Kiacorp, a company that manufactured airplanes, entered into a contract with Trevon, the CEO of Trecorp, a company that manufactured nuts and bolts and other fasteners. The contract sent from Kia to Trevon by email stated the following: "We offer to purchase from Trecorp all the fasteners that we need to produce our airplanes for the years 2018 through 2020." In the contract sent from Kia, in the fine print it read "All invoices paid net 30." Trevon sent back an acceptance of this offer which stated "We agree to your terms and will provide you all the fasteners you need to produce your airplanes." In the fine print of the acceptance Trevon sent, which was also by email, it said "All payments due net 15." Which of the following is correct of this situation? Multiple Choice O This is an invalid contract because it did not specify a precise quantity, which is required. This is an invalid contract, but rather an offer followed by a counter-offer, because it fails to meet the requirements of the Mirror Image Rule. This is a valid requirements contract. This is a valid outputs contract. Kia, the CEO of Kiacorp, a company that manufactured airplanes, entered into a contract with Trevon, the CEO of Trecorp, a company that manufactured nuts and bolts and other fasteners. The contract sent from Kia to Trevon by email stated the following: "We offer to purchase from Trecorp all the fasteners that we need to produce our airplanes for the years 2018 through 2020." In the contract sent from Kia, in the fine print it read "All invoices paid net 30." Trevon sent back an acceptance of this offer which stated "We agree to your terms and will provide you all the fasteners you need to produce your airplanes." In the fine print of the acceptance Trevon sent, which was also by email, it said "All payments due net 15." Which of the following is correct of this situation? Multiple Choice O This is an invalid contract because it did not specify a precise quantity, which is required. This is an invalid contract, but rather an offer followed by a counter-offer, because it fails to meet the requirements of the Mirror Image Rule. This is a valid requirements contract. This is a valid outputs contract.

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Answer B This is an invalid contract but rather an offer followed by a counteroffer because it fails ... View the full answer