Bill - I will buy 100 watches from you for the standard price. (The last standard price

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Bill - "I will buy 100 watches from you for the standard price." (The last standard price is $2) Tom - "OK, great. We have a deal at $3."

Tell me if you think they have an enforceable contract, and why.

Only for purposes of this next question, presume they have an agreement, and tell me what terms are implied by the UCC in their agreement, if they are not specifically included in any agreement.

What would the price be, and why?

When is payment due?

By when must be delivery be made?

Where must delivery be made?

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Apr 04, 2024 02:11 PM

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Bill - I will buy 100 watches from you for the standard price. (The last standard price

Question:

Expert Answer:

1 Enforceable Contract No they dont have an enforceable contract Bill made an offer to buy 100 watch... View the full answer

Foundations of Financial Management

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