Did the parties have a valid contract under the ucc

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Reference no: EM1348203

1) Did the parties have a valid contract under the UCC? Were any terms left exposed in the contract? If thus which term? Explain how would a court deal with open terms?

2) Assume that Holcomb and TCG meet in October in an attempt to resolve their problems. At that time, the parties reach an oral agreement that TCG will continue to work without demanding full payment of the past unpaid amounts and Holcomb will pay TCG $5000 per week. Presumptuous the contract falls under the UCC is the oral agreement enforceable? Why or why not?

Reference no: EM1348203

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