Seller sends an offer to Buyer for 2,000 tons of steel rails at $54 per ton. The offer makes no reference to dispute settlement. Buyer sends back a document stating that 2,000 tons of rails at $54 dollars a ton is acceptable. On the back of the form are preprinted terms, including one stating that any dispute arising out of the transaction must be resolved through arbitration. Neither party has performed. Is there a contract at this point?

Answer rating: 100% (QA)

Based on the information provided there is a likely a contract between the Seller and Buyer at this point For a contract to be formed there are genera... View the full answer