1. Business Law Report - Contracts
... consideration because such a possibility exists. The other exception occurs when both individuals are merchants. If both Brant and Cooper are coin dealers, the oral portion of their contract could be upheld by UCC regulations. It is common practice for coin dealers to sell whole coin collections at once to other dealers. In this situation, Brant would be able to enforce the oral ... contract in a court of law and Cooper would have been compelled to purchase the coin collection because it involved a transaction between two merchants. The third situation deals with ... that can be differ...
- Word Count: 2858
- Approx Pages: 11
- Has Bibliography
- Grade Level: High School