1. Does the JI-park Avenue contact require a definite quantity under the UCC? Wh

Question

1. Does the JI-park Avenue contact require a definite quantity under the UCC? Why or why not? Required information Agreement in a Sales Contract Read the overview below and complete the activities that follow Because the Uniform Commercial Code (UCC) aims to promote the completion of a sales transaction rather than shelter a party who doesn't complete the contract, Article 2 recognizes a sales contract created in any manner sufficient to show agreement The parties need not even have a definite time of formation, so long as their conduct indicates that the parties believed a contract existed. A sales contract may be formed and enforced based on 1) past commercial conduct, 2) communications between the parties, or 3) industry standards and norms. Business owners and managers are often given the task of negotiating. forming, and complying with sales contracts that support daily business operations. CONCEPT REVIEW Review the sections on "Introduction to Article 2 of the UCC," Agreement in a Sales Contract Offer," Agreement in Sales Contracts: Acceptance," and "Statute of Frauds" in your textbook. Apply the legal doctrines to the hypothetical case study and analyze how the law impacts the practical dilemma and decisions faced by the manager Read the case below and answer the questions that follow. Jaeger Inc. (JI) manufactures luxury watches and sells them primarily to upscale department stores that offer jewelry as part of their retail product line. Park Avenue Stores has purchased Jaeger watches for a period of five years by sending Jaegers sales manager an e-mail requesting a certain quantity of watches each month. JI would send the watches as requested along with an invoice to be paid in 30 days. Last month, Park Avenue experienced a surge in demand for the Jaeger watches and sent an e-mail: Dear Jl: On July 1, we will buy as many watches as JI can produce in the previous 6 months for $250 per watch. Payment to be made 60 days after delivery via bank wire to your account. - Manager, Park AvenueJI replies: we accept. JI produced 100 Jaeger watches in six months and prepared them for delivery. However, on June 30. Park Avenue decided to purchase only 50 watches. When JI threatened legal action, Park Avenue countered that the terms were definite enough because no quantity existed and other terms were not agreed upon

Explanation / Answer

Yes, Because Park avenue clearly mentioned in the mail that they will buy as many watches as JI can produce in the previous 6 months. Without knowing about the quantity how Park avenue mentioned that they will buy 6 months of products. As per the article 5 in UCC park avenue has to buy all the products which Ji manufactured.

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