Exam 16: Formation of Sales, Lease, and E-Contracts

What issues may be raised by electronic contracting that are not issues in traditional contracting? Which UCC provisions should be less applicable to electronic contracting than to traditional contracting?

If the express terms of a written contract are unclear,the court can consider the previous conduct of the parties,in interpreting the contract.

How many parties are there in an ordinary lease contract and a finance lease contract?

For the firm offer rule to apply,who must be a merchant?

Molly recently remodeled her apartment.Molly's walls were bright orange and pink,but she was unable to find any furniture to match her new color scheme.Molly went to a furniture store who orally offered to make Molly her bright orange and pink couch for $1,000.Molly ordered the couch on July 1 and placed a deposit.Nothing was put in writing.On July 2,the furniture store made half of the couch.On July 3,Molly called the furniture store and said she no longer wanted the couch and refused to pay the remaining money owed on the couch.The furniture store sues Molly,who wins under Article 2 of the UCC?

What is true about the consideration required for modifications made to a sales or lease contract?

Under the UCC,a sale or lease contract can be valid,even if material terms are not agreed upon.