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Karen Has Agreed to Buy May's Car, but the Two

Question 6

Multiple Choice

Karen has agreed to buy May's car, but the two have not agreed on the price.When there is no agreement in a sales contract as to price, what effect does it have on the contract?


A) There is a contract, with the price being whatever the seller decides.
B) There is a contract, with the price being a reasonable price at the time the agreement was made.
C) There is no contract, because the agreement is not definite and certain enough.
D) There is a contract, with the price being a reasonable price at the time of delivery.

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