Grocery, Inc.

2030 WordsJul 29, 20079 Pages
Introduction Grocery, Inc. is a retail grocery store and has stores throughout the United States. Grocery has written contracts with many different vendors to purchase the products they sell in their stores. In this paper, Team B will evaluate contractual scenarios that impact Grocery Inc. The scenarios range from individuals to international corporation contracts. Team B will make clear facts of contractual law and remedies available to parties involved. Uniform Commercial Code (UCC)Several sections of article 2 in the Uniform Commercial Code (UCC) pertain to Grocery, Inc. and the vendors. Grocery, Inc. also has common law contracts with vendors. The UCC has several articles that pertain to purchasing of goods and contracts…show more content…
However, if a (reasonable) amount of time was set in which the car was to be returned and Fresh exceeded the period of time, the contract would be ratified and Fresh would be responsible to continue making his contracted monthly payment. Cereal Inc. Cereal, Inc. has an open assortment term with Grocery. Cereal, Inc. is also making a sale of less than $500 which the current order of 20 cases of cereal which does not have to be in writing. Upon receipt of the facsimile from Grocery specifying particular items to be delivered; Cereal, Inc. should have notified Grocery that they were unable to fill the request. Grocery can reject the shipment per article 2-608 which states, "Revocation of acceptance must occur within a reasonable time after the buyer discovers . . . . and before any substantial change in condition of the goods which is not caused by their own defects. It is not effective until the buyer notifies the seller of it," (Cheeseman, 2004, p 1088). In Section 2-311 the contract between Grocery and Cereal, Inc. is not valid since the shipment was specified within a reasonable time prior to delivery by Cereal to Grocery. Cereal did not acknowledge to Grocery that it was unable to perform the terms of this particular shipment due to a natural disaster (Cheeseman, 2004, p 1083). Section 2-615 requires that Cereal, Inc. notify Grocery regarding the delay in non-delivery of the goods ordered and give an estimated time when the specified items

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