Formation in general.

Checkout our iOS App for a better way to browser and research.

Effective - 28 Aug 1963

400.2-204. Formation in general. — (1) A contract for sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of such a contract.

(2) An agreement sufficient to constitute a contract for sale may be found even though the moment of its making is undetermined.

(3) Even though one or more terms are left open a contract for sale does not fail for indefiniteness if the parties have intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy.

­­--------

(L. 1963 p. 503 § 2-204)


Download our app to see the most-to-date content.