A buyer and seller have been doing business for months without a formal contract. Every Monday, the seller delivers supplies to the buyer's business. Every Thursday, the buyer pays the invoice by mail. Difficult times arrive. The buyer fails to make payment and the seller sues for breach of contract. Is there a contract?
a. in jurisdictions where the offer-acceptance rule is rigidly applied there is a contract under both the UCC and the common law of contracts
b. in jurisdictions where the offer-acceptance rule is rigidly applied there is no contract under either the UCC or the common law of contracts
c. under the UCC, there is no contract because the conduct involves delivery of supplies is a service d. under the UCC, a contract has been formed by the conduct of the parties. The seller will prevail
e. none of the other choices
Question 2
Unlike in the United States, in Europe patents for surgery methods:
a. expire in 10 years b. cannot be obtained
c. can be obtained only after a 5 year waiting period d. cost more than other types of patents
e. are very common
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Business mathematics
Business Mathematics, 15th Edition