Reference no: EM132172531

Morrison Construction purchased a poured concrete form from Century 21 Concrete Forms, Inc. Morrison purchased the concrete form by placing a phone call to Century 21 in Madison, Wisconsin. Century 21 delivered the concrete form with an invoice stating the terms of the sale required payment within 30 days and a 1½% interest per month finance charge would be charged on accounts over 30 days. When Morrison failed to pay the invoice on time, interest was charged according to this rate. Later, Morrison refused to pay the accumulated interest charge, claiming there was not a meeting of the minds regarding the finance charge in any conversation prior to the sale. The trial court concluded that the finance charge was in fact an additional term added by Century 21 when it accepted Morrison's purchase order. Discuss Uniform Commercial Code Section 2-207 in general and with regard to this situation. Does Morrison owe the interest accrued?