Question: If the Uniform Commercial Code recognizes the fact that the parties to sales contract frequently omit terms from their agreements or state ambiguous terms, then

If the Uniform Commercial Code recognizes the fact that the parties to sales contract frequently omit terms from their agreements or state ambiguous terms, then the Code :

can fill in the blanks with reference to common trade practices.

provides both the party for such lacunae.

has no power to fill in the blanks.

declares such a transaction as a void one.

If the Uniform Commercial Code recognizes the fact that the parties

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!

Joe went to a music store; misrepresenting himself as James to the store attendant. He buys a plasma television on credit, charging it to James's account. He then sells that set to Mike. Mike buys...

If the Uniform Commercial Code recognizes the fact that the parties to sales contract frequently omit terms from their agreements or state ambiguous terms, then the Code : Group of answer choices...

Sally calls about an urgent issue with her catering company (Gravy Train, LLC) contract with the federal government. Her usual supplier was hospitalized and could not ship her weekly order needed to...

I posted the wrong ones, and reposted with the correct ones What's Love Got to Do With It?? Review the case below entitled Estate of Hollett. Answer the following questions and provide responses to...

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

is as follows: 1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s)...

Here are some diagnostic plots for the home prices data from Exercise 15. These were generated by a computer package and may look different from the plots generated by the packages you use. (In...

You asked a lab to conduct a uniaxial tension test on a small specimen of a mystery material. The resulting conventional stress strain diagram is provided, along with dimensions of the cylindrical...

You have an APR of 7 . 5 % with continuous compounding. The EAR is 7 . 7 9 % 7 . 5 0 % 8 . 2 5 % 7 . 6 5 %

Assuming a periodic system, what is the net income after taxes if the company uses LIFO? 1/1 Beginning inventory 400 units at $16 1/10 Purchases 1,600 units at $19 1/20 Purchases 2,000 units at $22...

1. Identify the problem or opportunity and create a sense of urgency. Is the stated problem actually the real problem facing the company? How does the opportunity fit into the companys business...

Designing learning space as well as content in technology-driven learning environments.

4. Choose and announce the action as soon as possible. Employees affected by the change must hear about it as soon as possible. Employees need to know why and how the final action was selected, how...