Business Law: Sales Contracts | Free OER Textbook + Study Guide

Free Textbook Source

Pressbooks — Fundamentals of Business Law (Randall)

CC BY 4.0 · 24 chapters

OpenStax — Business Law I Essentials (Non-commercial only)

CC BY-NC-SA 4.0 · 14 chapters

Saylor Academy (Non-commercial license)

CC BY-NC-SA 3.0 · 55 chapters

Common Law A modification to an existing contract must be supported by new consideration or it is void.

Example A buyer tells a sporting goods employee they need shoes for trail running in wet conditions. The employee recommends a s

STILL REQUIRES INTENT Section 2-207 still requires both parties to intend to form a contract. If the differing forms show they never agreed at

Conforming goods Meet contractual specifications and satisfy performance requirements.

Non-conforming goods Fail to meet contractual specifications. The buyer may reject them or revoke acceptance.

Cover damages formula (Cover price) minus (Contract price) + incidental and consequential damages - expenses saved

CRITICAL REQUIREMENT The seller's words or actions must be part of the basis of the bargain. The buyer must have relied on them when deciding

To disclaim it The seller MUST use the specific word "merchantability" in the disclaimer.