Multiple Choice
Which of the following is true of open-price-term contracts?
A) The contract is void due to the failure to specify a required term of the contract.
B) The price becomes the reasonable price at the time the contract was entered into.
C) The price becomes the reasonable price at the time the goods are delivered.
D) The price is determined by the court's applying a reasonable price at whatever time the court deems appropriate to reach a fair result.
Correct Answer:
Verified
Correct Answer:
Verified
Q48: If the seller ships conforming goods,the buyer
Q49: In an installment contract,the buyer may reject
Q50: The UCC permits a contract to be
Q51: As in common law,the UCC recognizes the
Q52: The United Nations Convention on Contracts for
Q54: Normally,the buyer's offer in a commercial transaction
Q55: A significant change or deviation from the
Q56: Which of the following requires a written
Q57: Uncle Phineas has lent you $10,000 to
Q58: Jones Corp.is set to deliver goods ordered