If a contract for the sale of goods omits the price to be paid, the: ______.

Question

Quizplus · Accepted Answer

If the price is not explicitly stated in a contract for the sale of goods, the buyer is still required to pay a reasonable price based on market value, previous transactions, and other factors. This is outlined in the Uniform Commercial Code (UCC), which governs commercial transactions in the United States. However, if the contract is so indefinite that the parties cannot reach a mutually acceptable price, the contract may be deemed unenforceable.

If a Contract for the Sale of Goods Omits the Price