purchase order offering to buy goods from
Snidley Supply. Snidley acknowledges
Rachel's offer with a preprinted acceptance
form. The terms of the two forms do not
mirror each other. To analyze whether an
enforceable contract exists, one must first
determine whether the new language in the
acceptance is an additional term or a
Strict liability is based on contract law.
If Fred writes a check that in figures shows
$650 and in writing on the second line of the
check states "eight hundred fifty," UCC
rules would resolve the uncertainty to make
the payment for $850.
Margo is in possession of a check issued to
her by Felix. The check states, "Pay to the
order of Margo." If Margo wishes to transfer
the check to Pete to pay a debt she owes
him, all she needs to do is indorse the back
of the check and give it to him.
Great State Bank and First Federal Bank
have a security interest in TriColor's
equipment. If neither secured party is
perfected, the first interest to attach has
priority over the collateral.
parties to make contracts for the sale of
goods quickly and informally.
Rachel, a retailer, sends a preprinted