New York Agreement for Sale of Goods with Adjustment in Purchase Price Pursuant to UCC 2-204

• Category: Contracts - Sale of Goods
• State: Multi-State
• Control #: US-0781BG
• Format: Word; Rich Text

Description

Section 2-204 of the Uniform Commercial Code provides: (1) A contract for sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of such a contract. (2) An agreement sufficient to constitute a contract for sale may be found even though the moment of its making is undetermined. (3) Even though one or more terms are left open a contract for sale does not fail for indefiniteness if the parties have intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy.