Ask Question
BusinessBusiness
24 April, 03:12

Two merchant companies have entered into a contract for the sale of goods but have had no prior dealings that would establish a course of conduct between them. The UCC will allow gap fillers to apply to their contract regarding missing terms in each of the following situations except when

+5
Answers (1)
  1. 24 April, 06:01
    0
    they have failed to specify the price of the goods to be delivered.

    Explanation:

    If there is a buyer and seller conflict where paperwork between the two them do not agree, the the UCC makes provision for gap fillers. Gap fillers supplements agreement that has failed between the parties and includes that delivery of goods is within a reasonable time.

    However UCC gap cannot be used to account for situations where the price of the goods has not been specified. The price can only be agreed between the parties involved.

    Gap fillers is effective when time of payment is not settled, place of delivery is not provided, and when quality or grade of goods is not stated.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Two merchant companies have entered into a contract for the sale of goods but have had no prior dealings that would establish a course of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which option best describes decision making? it is the process of choosing an option from two or more alternatives. it is the process of choosing the best solution from various options.
Answers (2)
Following are the January transactions: Received a $665 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle repair shop; $685 rent received for January.
Answers (1)
For a normal good, if the price of a substitute good decreases then: (A) the demand curve shifts rightward while the supply curve stays the same. (B) the demand curve shifts leftward while the supply curve stays the same.
Answers (1)
13. Velouté, béchamel, heavy cream, cheese, or eggs can all be used A. as a dressing. B. to bind a croquette. C. to deglaze a pan. D. as a breakfast entree.
Answers (1)
The table above shows the demand schedules for looseminus-leaf tea of two individuals (sunil and mia) and the rest of the market. at a price of $5, the quantity demanded in the market would be
Answers (1)
New Questions in Business
Effective vision statements include a. financial objectives and projected figures. b. all strategic directions of the organization. c. strategic posturing and future objectives. d. a brief statement of the company's direction.
Answers (1)
True or false: people in business get ahead by meeting the needs of their consumers. as a result, both businesses and customers benefit from voluntary exchange.
Answers (1)
Jim and kathy have a contract with a term that is not clear. kathy and jim both have a different interpretation of the contract. if kathy wrote the contract, a court will
Answers (1)
What is a great marketing strategy
Answers (2)
On January 1, 20X8, Package Company acquired 80 percent of Stamp Company's common stock for $280,000 cash.
Answers (1)
Home » Business » Two merchant companies have entered into a contract for the sale of goods but have had no prior dealings that would establish a course of conduct between them.
Sign Up Forgot Password?