Unformatted text preview: be willing to supply a missing term, where the parties stated most of the contract provisions and provided a clear basis for adding additional ones. Here, however, the key terms were absent. Consequently, there was no basis on which a court could craft a contract. 4. The answer is E. Spike wins nothing. Although he used the phrase, “I accept,” he included a counteroffer, which is a rejection of Rebecca's offer. She has no obligation to him. 8. The common law is the basis of all contract law and still governs agreements for services, employment, the sale of land, and certain other things. It varies from state to state. Article 2 of the UCC governs the sale of goods. The Restatement of Contracts is not the law anywhere, but it is influential and frequently cited by judges....
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- Spring '10
- Business, California Supreme Court, Wisconsin Supreme Court, Shawnae Cristobal Legal, Process Professor Schulz