Asked by Kayla Taylor on May 27, 2024
Verified
Which of the following is true of a sales contract under the UCC?
A) The courts cannot fill any "gaps" in the contracts.
B) The court needs to determine if the parties intended to make a contract.
C) An intent to contract exists even if the parties were unable to reach an agreement.
D) All terms of contract need to be clear for the court to decide the case.
Sales Contract
An agreement between a buyer and seller outlining the terms of a sale, including price, delivery, and product specifications.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.
- Understand the importance of the Uniform Commercial Code (UCC) in altering conventional contract principles, especially regarding the clarity of offers and the provision for addressing uncertainties.
- Understand the enforceability of agreements under the UCC when conduct indicates assent.
Verified Answer
NS
Naimah SlaughterMay 31, 2024
Final Answer :
B
Explanation :
A sales contract is created if the court finds that the parties intended to make a contract and that their agreement is complete enough to allow the court to reach a fair settlement of their dispute.
Learning Objectives
- Understand the importance of the Uniform Commercial Code (UCC) in altering conventional contract principles, especially regarding the clarity of offers and the provision for addressing uncertainties.
- Understand the enforceability of agreements under the UCC when conduct indicates assent.