ABC Corporation sends XYZ Ltd. a purchase order for $100,000 worth of goat chees
ID: 374785 • Letter: A
Question
ABC Corporation sends XYZ Ltd. a purchase order for $100,000 worth of goat cheese. The purchase order contains numerous terms and conditions. XYZ sends ABC an acknowledgment form with XYZ’s terms and conditions. XYZ’s form provides for arbitration if there is a dispute, and limits XYZ’s liability to $50,000. As a result, the parties’ terms and conditions conflict. This is a two part question.
What is the common legal term for this situation? ___________________________________
Assuming both ABC and XYZ are located in Maryland, what section of the UCC can provide an answer to what terms apply (generic UCC citation is enough): ________________________
Explanation / Answer
Name of legal Term- Conflict of intrest.
Any contradiction emerging under this XYZ contract which is not settled by assention of the parties might be settled by proper lawful procedures. Pending any choice, request or judgment in such procedures or the settlement of any question emerging under this Purchase Order, ABC should continue persistently with the execution of this Purchase Order as per the choice of the XYZ. In case of any debate, ABC, as an extra cure, might further be qualified for the recuperation of its sensible lawyer charges and costs.