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Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2...

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Finance

Yolanda and Mack are negotiating a contract deal for sale ofgoods. Yolanda offers Mack $2 per pound for Mack’s peanuts. Mackwants to sell them for $2.50. Under UCC, what happens when Mackasks for the higher amount, assuming both parties aremerchants?

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The National Conference of Commissioners on Uniform State Laws creates uniform law models which US states can adopt or base their own laws on The Uniform Commercial Code UCC is one of these models The UCC applies to sales of goods between parties Parties in different states are constantly doing business with each other The major reason the UCC was created was to try to create some uniformity among the various states laws by getting them to adopt the UCC as their own The UCC provides definitions for basic business terms and also includes rules for components of sales transactions such as contract formation and other aspects of negotiation It will also fill in terms when the parties to a sales agreement do not    See Answer
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Yolanda and Mack are negotiating a contract deal for sale ofgoods. Yolanda offers Mack $2 per pound for Mack’s peanuts. Mackwants to sell them for $2.50. Under UCC, what happens when Mackasks for the higher amount, assuming both parties aremerchants?

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