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PART
2
FORM,
FORMATION AND READJUSTMENT OF CONTRACT
Formal
Requirements
9.1
Except as otherwise provided in These Regulations, a contract for the
sale of goods for a price exceeding No. 100/-, or the equivalent in merchandise
or services, is not enforceable unless there is some writing indicating
that a contract for sale was made between the parties.
9.2
The writing referred to in subsection 1 above must be in compliance with
the Rules on Use of Judicial Stamps in Bhutan, as amended, attested to
by disinterested witness (s), and must be signed by the party against
whom enforcement is sought or by that party’s authorized agent or
broker. A writing may be sufficient, even though it omits or incorrectly
states a term agreed upon, but the contract is not enforceable under
this paragraph beyond the quantity of goods shown in such writing. Where
one or more party- signatories to the writing are resident outside of
Bhutan, the writing may be sufficient, even though it was not attested
to by disinterested witnesses.
Final
Written Expression: Parol or Extrinsic Evidence
10.
The terms of the writing intended by the parties to be a final expression
of their agreement may not be contradicted by evidence of any prior agreement
or of a contemporaneous oral agreement. Such a writing, however, may be
explained or supplemented:
a.
by course of performance, course of dealing, or usage of trade; and
b.
by evidence of consistent additional terms unless the writing was intended
to be a complete and exclusive statement of the terms of the agreement
.
Formation
in General
11.1
Notwithstanding Section 9, above, a contract for the sale of goods for
the price up to No. 100/- or the equivalent in merchandise or services,
may be made in any manner sufficient to show agreement, including conduct
by both parties which tends to show their recognition of the existence
of such a contract.
11.2
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.
Offer
and Acceptance in Formation of Contract
12.1
Unless otherwise unambiguously indicated by language of circumstances-
a.
an offer to make a contract shall be construed as inviting acceptance
in any manner and by any medium reasonable in the circumstances;
b.
and order or other offer to buy goods for prompt or current shipment shall
be construed as inviting acceptance either by a promise to ship or by
the prompt shipment of conforming goods.
12.2
Where promptly beginning performance is a reasonable mode of accepting
an offer, the offer or who does not receive notice of acceptance within
a reasonable time may treat the offer as having lapsed before acceptance.
Modification,
Rescission and Waiver
13.1
An agreement modifying a contract for the sale of goods needs no consideration
to be binding.
13.2
A signed agreement that requires that modification or rescission
be done by a signed writing cannot be otherwise modified or rescinded.
13.3
The requirements of Section 9. of These Regulations must be satisfied
if the contract as modified fall within its provisions.
13.4
Subject to the preceding provisions of this section, a course of performance
between the parties shall be relevant to show a waiver or modification
of any term inconsistent with such course of performance.
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