Under the UCC Sales Article 2, which of the following conditions will prevent the formation of...

Under the UCC Sales Article 2, which of the following conditions will prevent the formation of an enforceable sale of goods contract

Select one: A) open price B) open delivery C) open quantity D)open acceptance

Solutions

Expert Solution

Correct Answer:

Option (D) or open acceptance is a correct answer because open acceptance will prevent the formation of an enforceable sale of goods contract.The open acceptance may be express by orally,by action, by Writing or by actual acceptance of the contract.For forming any contract there must be valid offer and valid acceptance of an offer.

Incorrect answers:

Option(A) or open price is incorrect answer because open price will not prevent the formation of an enforceable sale of goods contract. The open acceptance will prevent the formation of an enforceable sale of goods contract.

Option(B) or open delivery is incorrect answer because open acceptance will prevent the formation of an enforceable sale of goods contract.

Option(C) or open quantity is incorrect answer because it will not prevent the formation of an enforceable sale of goods contract.

So correct answer is option(D) or open acceptance

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Under the sales article of the UCC, which of the following statements is CORRECT concerning a...

Under the sales article of the UCC, which of the following statements is CORRECT concerning a contract involving a merchant seller and a non-merchant buyer? (A) The contract may not involve the sale of personal property with a price of more than $500. (B) The contract will be either a sale or return or sale on approval contract. (C) Only the seller is obligated to perform the contract in good faith. (D) Whether the UCC sales article is applicable does...

The Uniformed Commercial Code (UCC) Article 2 applies to a. some sales of land but no...

The Uniformed Commercial Code (UCC) Article 2 applies to a. some sales of land but no sales of services.. b. the sale of goods and some sales of services but no sales of land. c. only for the sales of goods. d. no sales for land or services but for some goods and real estate. 1 points QUESTION 2 When a contract fails but one person reasonably relied on another person's promise to their detriment, this is called a. unjust...

Are these relationships under article 2 of the UCC? Why? Ben owns fifty acres of timberland....

Are these relationships under article 2 of the UCC? Why? Ben owns fifty acres of timberland. He enters into a contract with Bunyan under which Bunyan is to cut and remove the timber from Ben’s land. Bunyan enters into a contract to sell the logs to Log Cabin, Inc., a homebuilder.

PROPERTY TYPES UNDER ARTICLE 9 Article 9 of the UCC describes different types of property that...

PROPERTY TYPES UNDER ARTICLE 9 Article 9 of the UCC describes different types of property that may be used for collateral. What are the various categories of property under Art. 9-excluding securities since different rules apply to how security interests are created, attach and are perfected in securities. What are these other types of property and why is that important? Note-remember that the UCC does NOT cover real estate.

Why did the court dismiss the plaintiff’s claim (under UCC Article 2A) that it was unconscionable...

Why did the court dismiss the plaintiff’s claim (under UCC Article 2A) that it was unconscionable of Ford to trick him into signing a lease when he thought he was signing a purchase contract? Would that section of Article 2A make breaking into his garage unconscionable? What alternatives had Ford besides taking the car from the plaintiff’s locked garage? If it was determined on remand that a breach of the peace had occurred, what happens to Ford?

Under which conditions or in which situations are in-depth interviews more appropriate, and under which conditions...

Under which conditions or in which situations are in-depth interviews more appropriate, and under which conditions or in which situations are focus groups more appropriate? Please support your answer with additional sources/references and, if possible, provide a short example.

UCC Sales Contract The following question is based on the Sales Contract found in the Contracts...

UCC Sales Contract The following question is based on the Sales Contract found in the Contracts Module. Please reference the Sales Contract by clause number as you answer the questions. Remember, this is a contract under the UCC. Essay (2 complete paragraphs minimum per essay with text and contract references to support your answers) You received non-conforming goods as a result of an ambiguity in the contract. You ordered goods thinking you would get a particular product. You wanted Razor...

2. a. Using the concept of price elasticity of demand, explain the conditions under which it...

2. a. Using the concept of price elasticity of demand, explain the conditions under which it would be rational for pharmaceutical companies to reduce the supply of drugs. Explain carefully. (10 points) b. Under the conditions you have identified, what do you think the appropriate response of the government should be? Explain your answer.

Under which of the following conditions with the Southdale to undergo apoptosis? a) the disc (death...

Under which of the following conditions with the Southdale to undergo apoptosis? a) the disc (death inducing signaling complex) is assembled with initiator capases b) BH3 only proteins are inactivated c) apaf1 proteins form the apoptosome d) anti IAP are activated

An investment would be considered a good prospect under which of the following conditions?

Subjects