If parties to a contract involving a sale of goods fail to specify price, and if there is dispute, so that a court must determine the price, under the UCC the price will be:

Question

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According to the UCC, if the parties fail to specify a price in a contract involving the sale of goods, the price will be a reasonable price at the time of delivery. This means that the court will determine the price based on the prevailing market price or other relevant factors at the time of delivery.

If Parties to a Contract Involving a Sale of Goods