On May 1, Local Cartage Company and Modern Computers, Inc., orally agree that
Local Cartage will pick up from National Chip Corporation and deliver to Modern
Computers manufacturing plant a certain number of computer chips on each Monday in
May. Under the agreement, Modern Computers will pay for the delivery services on
June On May 1, is this contract express, implied in fact, or implied in law? On May 31,
after all of the deliveries have been made, is the contract executed or executory?
A bank that has certified a check is under no obligation to accept it.
Deductive reasoning involves a main premise, a minor premise, and a conclusion.