Counteroffers and UCC 207 Flashcards

1
Q

Mirror-Image Rule

A

At common law the terms in the acceptance must precisely match the terms of the offer. If not, it is a counteroffer.

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2
Q

How is a conditional acceptance treated at common law?

A

Treated as a counteroffer.

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3
Q

What is the general rule of 2-207?

A

Acceptance will be valid if:

  • it is sent within a reasonable time
  • it states terms additional or different
  • unless acceptance is expressly made conditional upon assent to the additional terms.
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4
Q

When does a new term in a purported acceptance control under 2-207?

A
  • Both parties are merchants
  • the new term doesn’t materially alter the deal
  • The initial offer didn’t expressly limit acceptance to its terms
  • The offeror doesn’t objectw/in a reasonabl etime to the new term.
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5
Q

What happens if under the UCC there is no contract, but the parties still act as if there is an agreement?

A

The terms that the parties have agreed upon and the UCC will govern.

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6
Q

When two parties have a valid contract under 207 and one party sends over a confirming memo with additional terms that go further than the original agreement, do these terms come in?

A

New terms very rarely come in. Need to work through 207 issues.

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