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Subject:
UCC Code - Purchasing
Category: Business and Money > Economics Asked by: cdjs-ga List Price: $10.00 |
Posted:
21 Oct 2005 15:27 PDT
Expires: 20 Nov 2005 14:27 PST Question ID: 583266 |
Is there a UCC code governing purchasing of customized products, specifically the responsibility of the purchaser if they desire to cancel a Purchase Order and thier responsibility to take the product once it has been produced to thier specifications? |
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There is no answer at this time. |
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Subject:
Re: UCC Code - Purchasing
From: illcommunication-ga on 28 Oct 2005 14:25 PDT |
You should consult with an attorney as this is in no way legal advice, nor should it be considered a substitute for such advice. This information is here as a mere starting point for you and your attorney from which you can begin discussing this matter. UCC § 2-201 (1) Except as otherwise provided in this section a contract for the sale of goods for the price of $500 or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made between the parties and signed by the party against whom enforcement is sought or by his authorized agent or broker. A writing is not insufficient because it omits or incorrectly states a term agreed upon but the contract is not enforceable under this paragraph beyond the quantity of goods shown in such writing. (2) Between merchants if within a reasonable time a writing in confirmation of the contract and sufficient against the sender is received and the party receiving it has reason to know its contents, it satisfies the requirements of subsection (1) against such party unless written notice of objection to its contents is given within 10 days after it is received. (3) A contract which does not satisfy the requirements of subsection (1) but which is valid in other respects is enforceable (a) <i>if the goods are to be specially manufactured for the buyer and are not suitable for sale to others in the ordinary course of the seller's business and the seller, before notice of repudiation is received and under circumstances which reasonably indicate that the goods are for the buyer, has made either a substantial beginning of their manufacture or commitments for their procurement</i>; |
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