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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."
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AUD: 78
REG: (74), 91
FAR: (71)
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