bls 2 - A. 2-207 Additional/Different Terms in Acceptance...

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Has to be a contract that involves the sale of a good (i.e. personal property; tangible) Offeror must be a merchant – manufacturer, retailer, etc. Must be a written, signed offer by the offeror or by offeror’s agent Must indicate that offer is irrevocable or for time period Rejection – Offeree rejects; as soon as rejection occurs, it immediately kills offer Watch for counter offers or mere inquiries  DEATH – death of either party will terminate the offer (common law) Insanity – insanity by either party Destruction of the subject matter Acceptance phase – offeree accepts Mirror image rule; if terms are perfectly the same, you have a contract If not a perfect match, it’s a counter offer! (any new or additional terms)
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Unformatted text preview: A. 2-207 Additional/Different Terms in Acceptance Battle of the forms! Krumply paper! Tells you whos terms occur When neither party is a merchant or when only 1 is a merchant Offeror terms control ; offeree is only a proposals to be accepted or rejected by the offeror If offeree says my terms and only my terms control in a clause, it becomes a counter offer When both parties are both merchants (manufacturers or retails) Offeree terms control ; Exceptions: Unless new terms have a material alteration Unless offeror puts the phrase my terms and only my terms control...
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This note was uploaded on 12/10/2011 for the course BLS 342 taught by Professor Miller during the Fall '08 term at Miami University.

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