Jasmine agrees to purchase 1500 tons of recycled glass from Louie, the price to be determined at the time of delivery. Is such an agreement enforceable? Compare the common law with Article 2 of the UCC
Yes, the agreement is enforceable under Article 2 . Recycled glass is a good; therefore, Article 2 governs the agreement. Article 2, Section 2-305, provides that parties may conclude a contract even though they have not settled the price. This is a major change from common law which requires all important terms to be definite and certain.
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Jack Stewart sells ski equipment to retailers. On a recent sales call, a large fly kept buzzing around the room and prevented his prospect from listening to the sales presentation. In terms of the communication process, the fly was an example of:
A. a caution signal. B. negative feedback. C. noise. D. an alternate communication channel. E. a disagreement signal.
Data envelopment analysis indicates the relative ________ of a service unit compared with others
Fill in the blank with correct word.
Term life provides more death protection for each premium dollar than whole life insurance
Indicate whether the statement is true or false.
Which of the following is NOT information needed for a transportation problem?
A) the cost of shipping one unit from each origin to each destination B) the set of destinations and the demand at each C) the set of origins and the demand at each origin D) the list of sources and the capacity at each E) None of the above is needed.