Essay
Oxtren,Inc.is a tools wholesaler.Oxtren sent M&E Tools a purchase order offering to buy 200 Model 308 milling and drilling machines with R-8 spindles.The purchase order stated the credit term to be 2% discount if payment was made in 10 days,with the full amount due in 30 days.M&E responded with an acceptance 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?
Correct Answer:

Verified
(A)Under the UCC,the parties will have a...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q35: Which article of the UCC covers the
Q36: Trey,a full-time college student,sold his car to
Q37: A court is much more likely to
Q38: Which of the following is a stated
Q39: Elizabeth worked as a salesperson in a
Q41: Rachel Retailer sends a preprinted purchase order
Q42: The UCC is federal legislation enacted by
Q43: Long's Department Store contracted to buy 1,000
Q44: If the seller has made a substantial
Q45: In a mixed contract involving both goods