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Author Question: The tort system in the U.S. is estimated to cost about 250 billion a year. a. True b. False ... (Read 93 times)

dalyningkenk

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The tort system in the U.S. is estimated to cost about 250 billion a year.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A buyer and a seller would like to enter into a contract for the sale of goods. In his offer the buyer does not specify a price. The seller agrees with the arrangement.
 a. under Article 2 there is a contract if the parties have done business before
  b. under the common law of contracts, but not the UCC, there is a contract because the parties intended to enter into a binding agreement even in the absence of the price term
  c. there is a contract under Article 2 because it allows the parties to enter into a contract even though the price is to be determined later
  d. there is no contract under Article 2 because some of the offer's major terms were omitted or were simply left open for determination later
  e. there can be no contract under Article 2 or the common law when price is missing



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raili21

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Answer to Question 1

TRUE

Answer to Question 2

c




dalyningkenk

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review


shailee

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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