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Mike went with his girlfriend to Bill's Furniture Store to purchase a living room set....

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Accounting

Mike went with his girlfriend to Bill's Furniture Store to purchase a living room set. When he found one that he liked, he told the salesperson (Jim ) that he required time to check his finances to make the purchase. Jim advised that "these units are going fast but he would hold the Royal Prince living room set for him for ten days at a cost of $2,500 and he wrote the name of the unit, the cost and time frame on his business card and gave it to Mike. Nine days later, Mike returned and discovered that the Royal Prince" set was sold and no other Royal Prince units were available. When Mike demanded that the store honor the previous offer, Jim laughed and said: "what the heck are you talking about; you had your chance to make the purchase and you blew it. Go purchase a comparable model at twice the price from someone else!

Question: Mike consults you about his rights, if any, under the Universal Comercial Code. Must Mike look elsewhere?

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