Omni Metals Company and Piecework Fabrication, Inc., enter into a contract under which Omni agrees to deliver a certain quantity of sheet metal to Piecework each month. The contract does not include a price term. In a suit between the parties over the price, a court will
A) determine a reasonable price at the time for delivery.
B) impose the lowest market price.
C) impose the highest market price.
D) return the parties to the positions they held before the contract.
Correct Answer:
Verified
Q3: According to the UCC, one open term
Q21: Equipment Rentals Corporation (ERC)agrees to lease two
Q25: Josefina owns a condominium that she leases
Q27: The risk of loss in a shipment
Q32: A merchant's firm offer is revocable at
Q37: When goods are held by a bailee,
Q39: Jack sells a piano to Kyle for
Q40: Under the United Nations Convention on Contracts
Q52: Mountainside Coffee Company and Nature's Cuisine, Inc.,
Q56: Swiftline Trucking, Inc., and Trailer Rents Corporation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents