Collins offers to sell to Phillip an antique chest of drawers worth more than $2,500. Philip agrees to buy the chest an signs a contract for the purchase. The price of the chest, however is left out of the contract. Collins and Philip have:
a. A valid contract s long as the court can determining a reasonable price at the time for delivery
b. A valid contract only is Collins refuses to name a price
c. No contract, because parties cannot leave the price term out of a valid contract under the Uniform Commercial Code (UCC)
d. A valid contract only if Phillip is able to produce evidence that Collins defrauded him
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Collins offers to sell to Phillip an antique chest of drawers worth more than $2,500. Philip agrees to buy the chest an signs a contract ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Inventories refer to A) goods which have been presold before they are produced. B) goods that have been produced but not yet sold. C) goods that have been planned but not yet produced. D) goods that have been produced and sold in the same year.
Answers (1)
What best determines whether a borrower's investment on an adjustable rate loan goes up or down? a. a fixed interest rate b. a bank's finances. c. a market's condition d. a person's finances
Answers (1)
General motors targets several different market segments and designs separate automobile makes and models for each. this is an example of
Answers (1)
One company acquires another company in a combination accounted for under the acquisition method. "The acquiring company decides to apply the initial value method" in accounting for the combination.
Answers (1)
Wilson Corporation produces a large number of fishing products. The costs per unit of a particular fishing reel are as follows.
Answers (1)
New Questions in Business
Hubert is a veteran of the First Gulf War. What could be a reason for him to seek a VA loan?
Answers (1)
A soft drink advertiser decides to run banner ads to attract teenagers to its interactive home page. its agency places these ads on websites related to teen magazines, action gaming, and extreme sports to:
Answers (1)
In the long run for a competitive firm, a. the firm is making economic profits. b. the marginal cost is greater price. c. the firm is at the bottom of its short run average cost curve. d. the firm is at the top of its long run average cost curve.
Answers (1)
Starting salary, mid salary, and late salary for a cop
Answers (1)
Bligation bonds issued to finance the construction of a new fire hall should be accounted for in the: a. General Fund. b. Special Revenue Fund. c. Debt Service Fund. d. General Long-Term Liabilities accounts.
Answers (1)