Chincy's, Inc. is a big-box store.Chincy's sent Tacky Co., a manufacturer, a purchase order offering to buy 300 Model-SC Dancing Santas. The purchase order provided for a 3% discount if payment was made within 10 days of delivery.If payment was not made within 10 days, the purchase order required the full amount to be paid within 30 days of delivery. Tacky responded with a standard form accepting the offer. The acceptance form, however, stated that full payment was due on delivery and that disputes under the contract would be settled by arbitration.

(A)

Do the parties have an agreement?

(B)

What is the payment term?

(C)

Is the arbitration clause part of the agreement?

*Note: this is an essay question.Be sure to explain your answer.