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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Under the UCC, if parties to a contract involving a sale of goods fail to specify price, then the price will be determined as a "reasonable price." This means that a court will consider factors such as market value, similar prices for similar goods, and the circumstances of the sale to determine what would be a reasonable price for the goods in question. Options B and C would not be fair, as they give one party complete control over determining the price. Option D is not typically used in contract disputes involving the sale of goods. Option E may be considered, but only as one factor in determining a reasonable price.

If Parties to a Contract Involving a Sale of Goods