Avery mails Taylor offering to sell her house at a reasonable price. Taylor mails his acceptance. Avery and Taylor are bound by a valid contract.

Name: Avery mails Taylor offering to sell her house at a reasonable price. Taylor mails his acceptance. Avery and Taylor are bound by a valid contract.
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Question

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Under the common law of contracts, contractual terms must be definite and specific. An offer to purchase a house at a "reasonable price" cannot be the basis for a contract because of indefiniteness.

Avery Mails Taylor Offering to Sell Her House at a Reasonable