Karen has agreed to buy Sara's car, but the two have not agreed on the price.When there is no agreement as to price in a contract for a sale of goods, what effect does it have on the contract?
A) The price is a reasonable price at the time of delivery.
B) The price is whatever the seller decides.
C) The price is a reasonable price at the time of making the contract.
D) There is no contract, because the agreement is not definite and certain enough.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), when parties have formed a contract to sell goods but have not agreed on a price, the price is determined to be a reasonable price at the time of delivery. This provision allows contracts to be enforceable even when not all terms are explicitly agreed upon, provided there is a clear intention to contract and a method for determining missing terms.

Karen Has Agreed to Buy Sara's Car, but the Two