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

Quizplus · Accepted Answer

The UCC provides that if the parties to a contract fail to specify a price, a court may determine a "reasonable price" based on various factors, including market value and industry standards. Therefore, none of the options listed in the question (plaintiff's price, defendant's price, or arbitrator's price) are the correct answer, as the court will determine the price.

If Parties to a Contract Involving a Sale of Goods