Concept explainers
Case summary: A person GH owns and operates OGE, an audit entertainment establishment. The person GH signed a work order authorizing the company TCG to create a prototype of a customer chat system at a price of $64,697. Further, he signed an additional work order related to the installation of a customized firewall system with the same company at a price of $12,943. The payment of the money was to be done in monthly installments. Due to some problems, the work was not completed within the time anticipated. Also, the person GH was not able to make timely payments. The company TCG threatened the person GH to cease the work and filed a case regarding breach of contract. The person GH, instead of making further payments, wished to abandon the project.
To find: Whether the decision of the court regarding the transaction between the person GH and the company TCG was covered by UCC (Uniform Commercial Code), and the reason behind it.
Explanation of Solution
The Uniform Commercial Code (UCC) refers to a set of laws that governs all the commercial transactions related to goods across the United States. There are goods that require some related services such as design, installation, or assembly, but that does not mean that the buyer is purchasing the service rather than the good. The main focus is on the objective of the buyer. The service should be incidental to the purpose of the buyer to fall under the UCC. In the given case, the court would decide that the transaction between the person GH and the company TCG falls under the UCC. This is so because the service that the company TCG is providing to the person GH is incidental to the person GH’s objective of acquiring an operational website.
Want to see more full solutions like this?
- Gestures and movement are examples of which type of nonverbals? Group of answer choices appearance proxemics vocalics kinesicsarrow_forwardProblem 1.1 Cyber security is a very costly dimension of doing business for many retailers and their customers who use credit and debit cards. A recent data breach of U.S.-based Home Depot involved some 56 million cardholders. Just to investigate and cover the immediate direct costs of this identity theft amounted to an estimated $62,000,000, of which $27,000,000 was recovered by insurance company payments. This does not include indirect costs, such as, lost future business, costs to banks, and cost to replace cards. If a cyber security vendor had proposed 8 years before the breach that a $10,000,000 investment in a malware detection system could guard the company's computer and payment systems from such a breach, would it have kept up with the rate of inflation estimated at 4% per year?arrow_forwardExplain in detail the principle of Compounding of interest and why is it so important in Finance.arrow_forward
- Hello, please make an excel of this. Show all the cells thanks. some replied with a paper answer thank you I just cant understand the way the did it. Can someone show me all screenshots o fthis problem solved and in excel? i need to solver too for the constraints. I seen multiple times across other platforms that one of the chairs optimal solutions is 0 but they both have to be higher than 1 The Heinrich Company manufactures two types of plastic hangerracks (Foldaways and Straightaways) especially suited for mountingnear clothes dryers. Because permanent press clothing must be hungon hangers immediately after removal from the dryer, these items havebeen especially popular. However, there is some concern that thePreppie movement (popularized by its own handbook) will extinguishpolyester clothing; Heinrich is terribly interested in doing the best withthe resources it has while its products are still in demand. The firsttype of hanger rack, the Foldaway, requires 10 ounces of…arrow_forwardIs crowdfunding a good source for starting a financial planning company? Discuss why or why not it would be right for this.arrow_forwardI need answer typing clear urjent no chatgpt used pls i will give 5 Upvotes.arrow_forward
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education