Asked by
Jesse McPherson
on Nov 30, 2024
Verified
If a UCC contract does not contain all the terms necessary to carry it out, there will be no contract.
UCC Contract
A contract regulated under the Uniform Commercial Code, which governs commercial transactions in the United States.
Terms
Conditions and stipulations outlined in a contract or agreement, specifying the rights and obligations of the parties involved.
- Gain an understanding of the nuances and flexibility in establishing contracts under the Uniform Commercial Code, focusing on the approach to open and unresolved terms.
Verified Answer
SG
Learning Objectives
- Gain an understanding of the nuances and flexibility in establishing contracts under the Uniform Commercial Code, focusing on the approach to open and unresolved terms.