1. Is Anna correct in assuming that a contract can exist even though the sales price for...

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1. Is Anna correct in assuming that a contract can exist even though the sales price for the computer equipment was not specified? Explain.

2. According to the Uniform Commercial Code (UCC), what conditions must be satisfied in order for a contract to be formed when certain terms are left open? What terms (in addition to price) can be left open?

3. Are the e-mail messages that Anna refers to sufficient proof of the contract?

4. Would parol evidence be admissible?

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Business Law Today The Essentials

ISBN: 978-0324786156

9th Edition

Authors: Roger LeRoy Miller, Gaylord A. Jentz

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Question Posted: Oct 19, 2012 03:42 AM

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1. Is Anna correct in assuming that a contract can exist even though the sales price for...

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1 Yes a contract can exist even if the price was not specified If the parties have not agreed on a price the court will determine a reasonable price a...View the full answer

Business Law Today The Essentials

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