PROBLEM Synco, a producer of laundry detergent, in response to an inquiry from Bob’s Foodmart, sent the following letter: “The price of our Super Clean laundry detergent is $10 per case of twelve 32 oz. bottles F.O.B. Gotham City.” Upon receiving this letter, Bob’s sent Synco its purchase order for 5000 cases of Super Clean […]

This lesson deals with the formation of contracts under Article 2 of the Uniform Commercial Code (excluding 2-207 issues). At common law, a contract is formed often by the showing of mutual assent plus a consideration. The rule is reversed under the Uniform Commercial Code, however. Under UCC 2-204, a contract can be formed in […]