Which of the following statements is true regarding sales contract terms left open under the UCC?
A) Leaving terms open makes the contract unenforceable.
B) If not stated,the price is a "reasonable" price at the time of delivery.
C) The price may be fixed by a market,a third person,or another standard,if so provided in the contract.
D) A and C only.
E) B and C only.
Correct Answer:
Verified
Q42: Under the UCC,if an offer is received
Q43: Under the UCC,firm offers can be made:
A)Orally
Q44: What is "course of performance?"
A)The previous conduct
Q45: Under the UCC,between merchants,if a purported acceptance
Q45: Where a contract for the sale of
Q46: Under the UCC Article 2,unless otherwise agreed,an
Q48: Under Article 2 of the UCC,when a
Q50: Under the UCC,if a purported acceptance to
Q51: Which of the following is true relating
Q52: An order or other offer to buy
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