Question: Under the UCC, open terms or missing provisions in a contract, are never acceptable because the UCC requires that all commercial transactions for the sales

Under the UCC, open terms or missing provisions
Under the UCC, open terms or missing provisions
Under the UCC, open terms or missing provisions
Under the UCC, open terms or missing provisions
Under the UCC, open terms or missing provisions in a contract, are never acceptable because the UCC requires that all commercial transactions for the sales of goods be outlined with specificity and thoroughness only allowed if the open term is quantity absolutely forbidden and void the contract entirely acceptable so long as there is evidence the parties intended to enter into a contract and other terms are sufficiently articulated to provide for remedy in the case of a breach Jumping Jeff's Trampolines, in Nashville, contracted with Bouncing Betty's Toys to ship 50 trampolines to Bouncing Betty's retail store in Miami to be dropped off at her store's loading dock if the truck carrying the trampolines is destroyed in a fire on the way from Jumping Jeff's to Bouncing Betty's exactly 75% of the way through the trip who bears the risk of loss if goods are to be shipped FOB Miami loading dock? Jumping Jeff's bears 25% of the risk of loss and Bouncing Betty's bear 75% of the risk of loss. Jumping Jeff's bears the risk of loss Both Jumping Jeff's and Bouncing Betty's bear the risk of loss equally Bouncing Betty's bears the risk of loss

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 General Management Questions!