Multiple Choice
Which of the following does NOT result in an open price term contract?
A) It says nothing as to price.
B) It provides that the parties shall agree later as to the price and they fail to so agree.
C) It fixes the price in terms of some agreed market or other standard, as set by a third person or agency, and the price is not so set.
D) It specifies the price in a foreign currency with a fluctuating exchange rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Under the Code,a contract to sell or
Q47: If the original agreement was oral,a subsequent
Q57: Rudolph, the owner of a shoe store,
Q58: Haven orally agrees to buy 50 digital
Q59: Discuss the concept of freedom of contract
Q60: Amendments to UCC Articles 2 and 2A
Q62: A "sale" of goods happens when:<br>A) the
Q63: Karen has agreed to buy Sara's car,
Q65: Which of the following is correct with
Q66: Under the CISG, contracts for the sale