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Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
Edition 7ISBN: 978-1305633612Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
Edition 7ISBN: 978-1305633612 Exercise 9
Fred assembles computers in his garage and sells them. He makes an agreement with Alpha Company under which Alpha will deliver 100 keyboards. The agreement does not specify when payment is due. Which of the following is true? (a) Fred has no obligation to pay, because there was no "meeting of the minds" and no contract was formed.
(b) Fred must pay within 10 days of making the agreement.
(c) Fred must pay within 10 days of accepting the keyboards.
(d) Fred must pay within a commercially reasonable time.
(b) Fred must pay within 10 days of making the agreement.
(c) Fred must pay within 10 days of accepting the keyboards.
(d) Fred must pay within a commercially reasonable time.
Explanation
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The UCC often holds a merchant to a high...
Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
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