Business the American Way – “Really, do we have a contract already?” A Cautionary Tale to Moldovan, Romanian, and U.S. Traders

By Sergiu Gherman One of the principles underlying the Uniform Commercial Code (“UCC”) is to interpret business agreements in favor of their validity. Generally, a valid contract has four elements: (1) offer, (2) acceptance, (3) consideration, and (4) lack of valid defenses, such as illegality or one of the parties is a minor. Under the […]