A contract for the sale of goods is enforceable even if the price is "open."

Name: A contract for the sale of goods is enforceable even if the price is "open."
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), §2-305(1), a contract for the sale of goods can be enforceable even if the price is left open or without specifying a price term. In this case, the price would be determined based on the market price, or based on a reasonable price at the time of delivery.

A Contract for the Sale of Goods Is Enforceable Even