× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
5
k
4
c
4
M
3
t
3
i
3
B
3
k
3
m
3
c
3
o
3
l
3
New Topic  
krystine77 krystine77
wrote...
Posts: 694
Rep: 0 0
6 years ago
McCann Construction purchased a poured concrete form from Advance Concrete Forms, Inc McCann purchased the concrete form by placing a phone call to Advance in Madison, Wisconsin. Advance delivered the concrete form with an invoice stating the terms of the sale required payment within 30 days and a 1 1/2  interest per month finance charge would be charged on accounts over 30 days. When McCann failed to pay the invoice on time, interest was charged according to this rate. Later, McCann 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 Advance when it accepted McCann's purchase order. Discuss Uniform Commercial Code Section 2-207 in general and with regard to this situation. Does McCann owe the interest accrued?
Read 122 times
1 Reply
Replies
Answer verified by a subject expert
Liyahmarie22Liyahmarie22
wrote...
Top Poster
Posts: 649
Rep: 6 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

krystine77 Author
wrote...

6 years ago
This helped my grade so much Perfect
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1104 People Browsing
Related Images
  
 265
  
 306
  
 1398