Case Scenario:
Grocery, Inc., is a retail grocery store chain based in Any State, U.S.A. and has stores throughout the United States. Grocery, Inc. has written contracts with many different vendors to purchase the products they sell in their stores. Vendors range from individuals to international corporations. Tom works as the products manager for the store in My Town, U.S.A. Jeff, 17 years old, is spending his summer vacation working for Tom in the produce department.
- Does Article II of the Uniform Commercial Code (UCC) apply to the contracts between Grocery Inc. and its vendors? Do common law contracts apply? Explain your answer in detail. Your answer should compare and contrast common law contracts and UCC Article II contracts.
Create 1 to 2 page power point slide on the above question.