Two Merchant Companies Have Entered into a Contract for the Sale

question 29

Multiple Choice

Two merchant companies have entered into a contract for the sale of goods but have had no prior dealings that would establish a course of conduct between them.The UCC will allow gap fillers to apply to their contract regarding missing terms in each of the following situations except when

• A) they have failed to specify when payment for the goods is to be made.
• B) they have failed to specify where delivery of the goods is to be made.
• C) they have failed to specify the quality or grade of the goods to be delivered.
• D) they have failed to specify the price of the goods to be delivered.

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Definitions:

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

Expatriates

Employees assigned to work in another country.

Parent Country

The country where a multinational company is headquartered or originally from, in contrast to the countries where it operates branches or subsidiaries.

Host Country

The country in which a multinational company operates a facility or office, outside of its home country.