Asked by
Astro Exotix
on Nov 01, 2024Verified
The main issue in the Classic Case of XCEL v.DeVault involved a question as to whether XCEL's shipment of conforming goods acted as an acceptance of DeVault's purchase order.
Conforming Goods
Merchandise or products that meet the specifications and standards outlined in a purchase contract.
Acceptance
A promise or act on the part of an offeree indicating a willingness to be bound by the terms and conditions contained in an offer. Also, the acknowledgment of the drawee that binds the drawee to the terms of a draft.
Purchase Order
A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
- Comprehend the validity and specifications of agreements governed by the Uniform Commercial Code (UCC).
Verified Answer
BC
Learning Objectives
- Comprehend the validity and specifications of agreements governed by the Uniform Commercial Code (UCC).