preview

Grocery Paper

Good Essays

Running head: GROCERY INC. PAPER

Grocery Inc. Paper

Grocery, Inc., is a retail grocery store chain with stores located throughout the United States. The organization has contract with many vendors authorizing the store to sell the vendors products. There are many laws and guidelines that Grocery, Inc. must follow. We will review many different scenarios that the store may encounter and some the laws that they must abide by.
Common Law Contracts and UCC Article 2 Contracts There is a possibility that both common law and UCC Article 2 contracts would apply between Grocery and their vendors, however for domestic purposes the UCC Article 2 contract would supersede that of the common law contract. Grocery also has …show more content…

Smooth Sales Used Cars could, however, do a mixture of allowing Jeff to cancel the contract and therefore not face legal issues while at the same time recouping some of the potential losses. They could agree to take the car back and agree to cancel the contract. Then, they could attempt to re-sell the used car. If they are able to sell it for the remaining balance of Jeff 's loan, then they can release Jeff from obligation yet not refund him for what he paid. If they are unable to sell the car for the desired amount, then they may assume Jeff will pay the difference, but this would be at the discretion of actual players.
Rights under Contract Law
If Cereal has breached their contract by not delivering the entire amount stated in the contract to Grocery, Grocery has some legal room to cancel the contract. Cereal, however, argues that based on the gap-filling rule, it had the right to modify the terms of the contract. Analyze the gap filling provisions of UCC Article 2 as they pertain to the terms of this contract. Because the contract between Cereal and Grocery does not state the types of cereal or how the 20 cases will be divided up between Grocery 's 20 stores in Any State, Cereal can claim that they were not under any obligation to deliver the cereal boxes to any specific locations. The likelihood is that as a business partner in this venture, they would do their

Get Access