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Section 2-306(1) of the UCC States That _____

Question 21

Multiple Choice

Section 2-306(1) of the UCC states that _____.


A) if parties intend to enter into a binding agreement, that agreement would be valid in law, despite missing terms, if there is any reasonably certain basis for granting a remedy.
B) even though one or more terms are left open, a contract for sale does not fail for indefiniteness if the parties have intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy.
C) a party which agrees to purchase the seller's entire output of goods cannot offer a quantity that is unreasonably disproportionate to a stated estimate.
D) under proper circumstances, an advertised statement can be constructed as an offer.
E) the critical question is what the parties said or did, not what they thought they said or did, or not what impression they thought they were making.

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