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Grocery, Inc. Scenario's
Grocery, Inc.Uniform
CommercialCode (UCC)
Supplier,Inc. (Bill)
GrocReno
Groc(J
Gap FilingRule
(Cereal,Inc.)
Harry andTom Breachof Contract
Grocery, Inc.(Jason)
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Grocery, Inc
Article 2,
Uniform
CommercialCode (UCC)
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Jeff gets a new job or borrows money
He continues to pay a monthly paymen
Steve does not find out Jeff is a minor
The Contract Continues
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Contract betweenGrocery, Inc., andCereal, Inc., mustcomply with
UCC
standards.
Breech of contract ifgoods delivered aredamaged.
Grocery, Inc., has theright to inspect anygoods upon
receivingthem and prior to
accepting the goods.
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F.O.B. Free On Board
Terms
Grocery
(Jaso
Jason negotiated price
bid and selected carrier
Risk Of Loss
Jason Pays For Damages
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There is a contract - supplier
Inc. signed one along with Bill
who had authority to act on
behalf of Grocerys Inc.
The Contract, standard of not, is
valid because both sides, signed
it. Any changes could be made to
it but only if both parties were
aware and agreed to them.
