According to the gap-filling rule,if a sales contract does not contain a specific price,________.
A)the contract has to be redrafted to include a price
B)the contract is considered void due to indefiniteness
C)the contract can be enforced by either party by fixing an open term price
D)the contract cannot be enforced upon the buyee

Question

Quizplus · Accepted Answer

The gap-filling rule states that if a sales contract does not contain a specific price, the contract can still be enforced by either party by fixing an open term price. This means that the parties can negotiate and come to an agreement on a price, even though it was not included in the original contract. Therefore, option C is the correct answer. Options A, B, and D are incorrect as they do not reflect the legal implications of the gap-filling rule.

According to the Gap-Filling Rule,if a Sales Contract Does Not