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 fairness.
Correct Answer:
Verified
Correct Answer:
Verified
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