Wednesday, November 6, 2019

Mary has a pet shop and orders 50 packages of dog food for puppies from a supplier for a total cost of $1,000.

Mary has a pet shop and orders 50 packages of dog food for puppies from a supplier for a total cost of $1,000. Later she calls the supplier and changes the order to food for adult dogs. When 50 packages of puppy food arrive, Mary complains. The supplier tells her that the modification was not valid because nothing was put in writing. Mary says there was never an agreement that a writing was necessary for a modification. Which of the following is the correct resolution of the dispute? 
A. The supplier is correct because modification of orders of over $200 must be in writing.
B. The supplier is correct because modification of orders of over $500 must be in writing.
C. The supplier is correct because modification of orders of over $600 must be in writing.
D. The supplier is correct because modification of orders of over $800 must be in writing.
E. Mary is correct because under the circumstances, there was no requirement of a writing to modify the agreement.
A _____ contract is an agreement whereby the buyer agrees to purchase all goods from one seller. 
A. Supply
B. Use
C. Requirement
D. Output
E. Arranged
A/an _____ contract is an agreement whereby the seller guarantees to sell everything he or she produces to one buyer. 
A. Supply
B. Use
C. Requirement
D. Output
E. Arranged
Which of the following is true of a requirement contract under common law? 
A. It is valid so long as there is a writing setting forth the terms signed by the offeror.
B. It is valid so long as there is a writing setting forth the terms signed by the offeree.
C. It is valid so long as there is a writing setting forth the terms signed by the offeror and the offeree.
D. It is valid so long as more than nominal consideration is provided.
E. It is not valid because of the lack of consideration.
Which of the following is true of an output contract under common law? 
A. It is valid so long as there is a writing setting forth the terms signed by the offeror.
B. It is valid so long as there is a writing setting forth the terms signed by the offeree.
C. It is valid so long as there is a writing setting forth the terms signed by the offeror and the offeree.
D. It is valid so long as more than nominal consideration is provided.
E. It is not valid because of the lack of consideration.
Which of the following is true of a requirement contract under the UCC? 
A. It is valid so long as the requirement is made in good faith.
B. It is valid so long as there is a writing setting forth the terms signed by the offeree.
C. It is valid so long as there is a writing setting forth the terms signed by the offeror and the offeree.
D. It is valid so long as more than nominal consideration is provided.
E. It is not valid because of the lack of consideration.
Which of the following is true of an output contract under the UCC? 
A. It is valid so long as the output is made in good faith.
B. It is valid so long as there is a writing setting forth the terms signed by the offeree.
C. It is valid so long as there is a writing setting forth the terms signed by the offeror and the offeree.
D. It is valid so long as more than nominal consideration is provided.
E. It is not valid because of the lack of consideration.

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