The UCC permits terms to be added into a contract or filled in as gap fillers; however, a contract between merchants cannot be enforced unless the parties have agreed to and specified a price in their agreement.

True/False

The element of common law includes offer,acceptance and consideration. For the contract to be binding and legal both parties must have the capacity of entering into the contract. The contract of common law will be void if all element of common law formation do not exit.

batolisis batolisis · Answer 2 · 2020-03-21T15:05:52+01:00

Answer:

True

Explanation:

The UCC permits terms to be added into a contract, but for a contract to be binding and enforceable in the court of law both parties involved in the contract have to fulfill the elements of common law which prescribes that a contract has to be read , understood and agreed on by both parties and this includes specifying and agreeing to a price which will be written in the agreement.

Common laws are laws drawn from previous judgement made by a judge on a similar case they are not explicitly written or included in the constitution by the Judiciary

The UCC permits terms to be added into a contract or filled in as gap fillers; however, a contract between merchants cannot be enforced unless the parties have agreed to and specified a price in their agreement. True/False

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The UCC permits terms to be added into a contract or filled in as gap fillers; however, a contract between merchants cannot be enforced unless the parties have agreed to and specified a price in their agreement.

True/False