BUS 205 Lecture 43: BUS 205 Class 43
Document Summary
When a merchant gives a written and signed assurance that an offer will be held open, he cannot revoke the offer for the time stated. Or, if no time is stated, for a reasonable time, the maximum time under this rule is 3 months. Terms that raise issues not covered in the offer. When parties are merchants, additional terms become part of the bargain. Additional terms do not bind the parties when: Code supplies its own terms when there is no clear oral agreement. Ucc does away with consideration requirement for changes in contracts. As long as both sides agree to the modification. Seller is expected to deliver what the buyer ordered. Buyer has the right to inspect the goods before paying or accepting. ***buyer may reject non-conforming goods, but seller has a "right to cure" If the seller breaches, the buyer may "cover" by reasonably obtaining substitute goods.
