Speaker: Narrator, Robert Bob Johnson, Michael SmithNarrator: Bob is a local used-car dealer and hes feeling pretty good at the moment. Hes about to close a great deal with another used-car dealer, Mike. Mike has agreed to pay Bob more than he expected for a like-new car on his lot. The cars on consignment from its owner, Al. Bob and Mike had talked about the deal over the phone and e-mail. During Mikes visit to Bobs dealership they settled on a final figure of $25,000.00. Once Bob received the payment, he would then write a check to Al for $22,000.00 and keep $3,000 as a consignment fee. All he had to do was say yes.Mike: Sounds great. I cant believe youre letting this go for so little. I mean for $25,000 (pause) I feel like Im stealing. Bob: Yeah, right? Mike: Take care.Narrator: The next day when Mike got into his office, the phone rang.Bob: Hey Mike, this is Bob. Hey, I know you were going to write me a check for $25,000, but could you write two checks instead? (Pause) One for Al for $22,000 and one for me for $3,000. Narrator: Mike thought about it for a moment and came back with an unexpected response. Mike: Im going to have to reject your counteroffer, Bob. (Pause) No, we HAD a deal but you just rejected my original offer. (Pause). Look, theres nothing on the table from my side anymore. (Pause) I tell you what? Ill give you $20,000. Does U.C.C Article 2 (Sales), Section 201 apply in this situation? Yes No Why or why not?Did Bobs suggestion constitute a counteroffer? Or was it simply an offer to modify an existing contract? Yes No Why or why not?Can Bob enforce the original terms? Yes No Why or why not?
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