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Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
Edition 12ISBN: 978-1111530594Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
Edition 12ISBN: 978-1111530594 Exercise 13
To watch this chapter's video, Sales and Lease Contracts: Price as a Term, go to www.cengagebrain. com and register your access code that came with your new book or log in to your existing account. Select the link for the "Business Law Digital Video Library Online Access" or "Business Law CourseMate." Click on "Complete Video List," view Video 26, and then answer the following questions:
(a) Is Anna correct in assuming that a contract can exist even though the sales price for the computer equipment was not specified? Explain.
(b) According to the Uniform Commercial Code, what conditions must be satisfied in order for a contract to be formed when certain terms are left open? What terms (in addition to price) can be left open?
(c) Are the e-mail messages that Anna refers to sufficient proof of the contract?
(d) Would parol evidence be admissible?
(a) Is Anna correct in assuming that a contract can exist even though the sales price for the computer equipment was not specified? Explain.
(b) According to the Uniform Commercial Code, what conditions must be satisfied in order for a contract to be formed when certain terms are left open? What terms (in addition to price) can be left open?
(c) Are the e-mail messages that Anna refers to sufficient proof of the contract?
(d) Would parol evidence be admissible?
Explanation
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(a) Yes, a contract can exist even if th...
Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
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