Section 2-306(1) of the UCC states that _____.
A) if parties intend to enter into a binding agreement, that agreement would be valid in law, despite missing terms, if there is any reasonably certain basis for granting a remedy.
B) even though one or more terms are left open, a contract for sale does not fail for indefiniteness if the parties have intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy.
C) a party which agrees to purchase the seller's entire output of goods cannot offer a quantity that is unreasonably disproportionate to a stated estimate.
D) under proper circumstances, an advertised statement can be constructed as an offer.
E) the critical question is what the parties said or did, not what they thought they said or did, or not what impression they thought they were making.
Correct Answer:
Verified
Q16: In interpreting an agreement, courts generally apply
Q17: Which of the following is an example
Q18: According to the UCC, an offer must
Q19: Under the UCC, an acceptance may vary
Q20: Mrs. Livingstone puts an ad in the
Q22: Under common law, which of the following
Q23: According to law, what are the ways
Q24: Better Baker telephoned Dubious, of Dubious Used
Q25: Better Baker telephoned Dubious, of Dubious Used
Q26: The mailbox rule:
A) has a lineage tracing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents