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Uniform Commercial Code contracts and Common Law contracts share much of the same requirements regarding formation. Both requires an offer, acceptance by an offeree and a benefit received by a promisor or a detriment incurred by a promise, also known as consideration. Common Law rules apply to contracts involving real estate, services or intangibles.
Goods include all items that can be both moveable and identifiable at the time of sale. Services include construction work, professional work and personal services. Real estate involves the purchase and sale of land. Intangibles include patents, copyrights and software
In this scenario Grocery, Inc. is dealing with produce, which is a good and is covered by the UCC.
If Jeff is 18 or older
The dealership would not
his own it would be void In this case the dealership would have to refund Jeff all of his money and take the car back, because the contract was not legal.
have to take the car back, nor would they have to refund any of Jeff's money. Note that auto purchases do not include a limited right to rescind of any sort; once the transaction is complete, it is considered final.
THE FACTS: 1) Does Harry have to have a contract? 2)Does Harry have an enforced verbal answer that states Tom is selling him the trains only with or without a contract? 3) Does Harry have a witness to his claim? Under the law of equitable estoppels it says; to protect from deliberately being harmed by conduct. Deliberate can be in the form of:
An action Silence Agreement Disguising of facts
-There are other forms of equitable estoppels, one is promissory estoppels, this would apply in Toms case- which is reliant on a person through the promise of another causing harm to set person, which in this case would be what Harry feels that Tom has done.
Is there a contract?
References:
Frommer, W. S., Colletti, R. E., & Lieb, S. J. (2011). United States Why does e-business need IP. Retrieved from http://www.buildingipvalue.com/n_us/132_136.htm