Contracts for the sale or lease of goods may be formed even though some terms of the contract or lease are left open.

Name: Contracts for the sale or lease of goods may be formed even though some terms of the contract or lease are left open.
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Question

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The UCC allows for contracts to be formed even if certain terms such as price or quantity are left open, as long as the parties intended to form a contract and there is a "gap-filling" provision within the code to provide default terms for those open terms.

Contracts for the Sale or Lease of Goods May Be