Ask Question
BusinessBusiness
29 July, 17:30

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

+1
Answers (1)
  1. 29 July, 20:28
    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?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
what is the accounting measurement of an insurance company's future obligations to its policy owners?
Answers (1)
Jim was a crook. He embezzled $450,000 from his employer. When his employer found out about his misdeeds, before even conducting a thorough investigation, he went and gave all the details to a local newspaper agency.
Answers (1)
Susan, a salesperson for a clothing company, always encourages her customers to be candid with her and requests them to be honest about the services they do not find satisfactory. In this scenario, Susan is:
Answers (1)
Roberto's company produces computer hardware and is holding off the release of its newest memory chips until it receives a report on how the disposal of the new chips could affect landfills and run-off in the future. Roberto's company is using:
Answers (1)
Select the items that describe a tariff. tax on an imported good provides government revenue can cause other countries to impose tariffs reduces monopoly behavior
Answers (1)
New Questions in Business
On March 15, Year 1, Kathleen Corp. adopted a plan to accumulate $1,000,000 by September 1, Year 5. Kathleen plans to make 4 equal annual deposits to a fund that will earn interest at 10% compounded annually.
Answers (1)
A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of
Answers (2)
The best way for a franchisee and franchisor to evaluate each other is Question options: for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.
Answers (1)
Ronald Reagan believed that reducing income tax rates would A. raise economic well-being and perhaps even tax revenue. B. lower economic well-being, even though tax revenue could possibly increase. C. do little, if anything, to encourage hard work.
Answers (1)
Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.
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?