UGBA 175 Lecture Notes - Lecture 6: Contract, Scienter, Reasonable Person

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 175
• Professor: Alan Ross Alan

Document Summary

First look at whether it is the ucc or the common law: ucc requires quantity to be definite, option contract vs. firm offer, no mirror image in ucc. Ucc: goods: offer is present (definite, intent, communicated, specific range of quantity is present, counteroffer: 1200 is not the range change terms, then accepted 2000 new offer. Scott did not make an offer to perry because it is un-communicated sh. Contract not revoked because the sign is still up and the offer is still valid . Scott sues otis for otis saved scott by not putting up the sign (-500) Yes, contract exists silence binds you when you put it on yourself. Walker wins: parties did not agree on the price so no renewal. Protect yourself: percentage, range of rent, specify tie to inflation. How to judge if a joke look at the entire picture.