Megan agrees to sell Nancy her Rolex watch,but she does not specify a price.In such a case,the court would not enforce the agreement because all of the essential terms are not present.

Question

Quizplus · Accepted Answer

The court can enforce the agreement if it can determine a reasonable price for the Rolex watch at the time of the agreement, as the essential term of price can be implied by law or determined based on market value.

Megan Agrees to Sell Nancy Her Rolex Watch,but She Does