Multiple Choice
Refined Metals Company and Superior Fabrication Inc. enter into a contract under which Refined agrees to deliver a certain quantity of sheet metal to Superior each month. The contract does not include a price term. In a suit between the parties over the price, a court will
A) determine a reasonable price.
B) impose the lowest market price.
C) impose the highest market price.
D) return the parties to the positions they held before the contract.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: Grinders Mill agrees to sell to Harvest
Q26: Marine Expeditions Inc. pays Noah's Boats $4,000
Q27: Bean Processor Inc. agrees to ship a
Q28: Generally, when an acceptance to a sales
Q29: When a sales contract contemplates shipment of
Q31: If a writing indicating a sales contract
Q32: If the acceptance to a sales contract
Q33: Under the UCC, the meaning of any
Q34: If a court determines that a contract
Q35: Because contracting parties presumably know best what