REG – UCC Sales

  • Creator
    Topic
  • #180856

    I’m a bit stuck on something here and I just need to get something clarified. This is from the Becker REG Book:

    “Under the common law, the writing must include all essential terms. Under the UCC, terms may be omitted (e.g. if the memorandum is silent, a sale will be at a reasonable price at the seller’s place of business). The ONLY terms that cannot be omitted are the quantity term (unless the contract is an output or requirement contract) and the signature term.”

    Okay, I understand everything in this except for the last 4 words. What/Who’s signatures are required? The buyer or seller? The merchant? Both?

    Let me know.

    "If you're going through hell, keep going"
    - Winston Churchill

    "I've missed over 9,000 shots in my career. I've lost over 300 games. 26 times I've been trusted to take the game winning shot, and missed. I've failed, over and over and over again in my life. And that is why, I succeed."
    - Michael Jordan

    BEC: (54), (72), 80 (losing credit on 02/02/15 - nervous)
    AUD: 78
    REG: (74), 91
    FAR: (71)

Viewing 10 replies - 1 through 10 (of 10 total)
  • Author
    Replies
  • #455592
    Anonymous
    Inactive

    I believe the offer must be signed in writing.

    #455734
    Anonymous
    Inactive

    I believe the offer must be signed in writing.

    #455594

    Must be signed by the party against whom action is being sought

    #455736

    Must be signed by the party against whom action is being sought

    #455596

    @gottapassb4b4

    Thank you for the clarification; it's exactly what I was looking for.

    "If you're going through hell, keep going"
    - Winston Churchill

    "I've missed over 9,000 shots in my career. I've lost over 300 games. 26 times I've been trusted to take the game winning shot, and missed. I've failed, over and over and over again in my life. And that is why, I succeed."
    - Michael Jordan

    BEC: (54), (72), 80 (losing credit on 02/02/15 - nervous)
    AUD: 78
    REG: (74), 91
    FAR: (71)

    #455738

    @gottapassb4b4

    Thank you for the clarification; it's exactly what I was looking for.

    "If you're going through hell, keep going"
    - Winston Churchill

    "I've missed over 9,000 shots in my career. I've lost over 300 games. 26 times I've been trusted to take the game winning shot, and missed. I've failed, over and over and over again in my life. And that is why, I succeed."
    - Michael Jordan

    BEC: (54), (72), 80 (losing credit on 02/02/15 - nervous)
    AUD: 78
    REG: (74), 91
    FAR: (71)

    #455598
    Anonymous
    Inactive

    I find it quite comical how I took Reg 3 months ago and I don't even remember a single UCC rule lol

    #455740
    Anonymous
    Inactive

    I find it quite comical how I took Reg 3 months ago and I don't even remember a single UCC rule lol

    #455600
    UCMCPA
    Member

    @the Don… not surprising. I purge most of my information then move on. The only thing that sticks these days are tax rules.

    FAR - 84
    AUD - 94
    REG - 86
    BEC - 86

    #455742
    UCMCPA
    Member

    @the Don… not surprising. I purge most of my information then move on. The only thing that sticks these days are tax rules.

    FAR - 84
    AUD - 94
    REG - 86
    BEC - 86

Viewing 10 replies - 1 through 10 (of 10 total)
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