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A Contract Has an Open Price Term If the Agreement

Question 6

Multiple Choice

A contract has an open price term if the agreement:


A) says nothing as to price.
B) provides that the parties shall agree later as to the price and they fail to so agree.
C) 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) All of the above.
E) None of the above.

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