helped you determine For the following questions: Answer the question and identi
ID: 2572731 • Letter: H
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helped you determine For the following questions: Answer the question and identifly the UCC section/s) that the answer. What is the Statute of Frauds? When does It apply? What exception applies if both parties are merchants? 2) What is Parol Evidence? When may it be 3) is a seal the equivalent to a signature under the UCC? 4) What is required to make a firm offer under the UCC? 5) What happens if a merchant includes additional terms in an acceptance? 6) May a party delegate performance of a duty under the UCC? if so, when? Any limits on that ability? 7) Using the UCC, what would a court do if the parties did not include price in a contract, and a dispute about 1) used in a sales transaction under the UCC? the amount to pay arose? What would a court do if the parties failed to specify quantity in a contract? Are there any instances in which the result would different? 8) 9) How can an express warranty be created under the UCC? 10) What are the minimum requirements that a good must meet under the implied warranty of merchantablity? Why is this important? How could a merchant modify the application of the implied warranty of merchantability to a transaction? 11) What are the minimum requirements that a good must meet under the implied warranty of merchantability? Why is this important? 12) Are third parties covered by a seller's warranty? if so, which ones? 13) What is the implication of "No Arrival, "No Sale? for the Price? is the result different if the transaction involves a lease rather than a sale? bears the risk of loss when a Seller breaches? What about when a Buyer breaches?Explanation / Answer
1.) A contract for the sale of goods in not enforceable unless there is: (1) “some writing sufcient to indicate that a contract for sale has been made between the parties” (or that the “writing afford a basis for believing that the offered oral evidence rests on a real transaction.” §2-201 Comment 1).(2) Signed by the party being enforced against.(3) Include a quantity term (need not be accurate but can only be enforced up to that quantity). §2-201
2.)The purpose of the parol evidence rule is to prevent a party from introducing evidence of prior oral agreements that occurred before or while the sales agreement was being reduced to its final form in order to alter the terms of the existing contract.§ 2-202.
3.) The affixing of a seal to a writing evidencing a contract for sale or an offer to buy or sell goods does not constitute the writing a sealed instrument and the law with respect to sealed instruments does not apply to such a contract or offer.§ 2-203
4.) An agreement sufficient to constitute a contract for sale may be found even though the moment of its making is undetermined.§ 2-204
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