Which of the Following Is True of Open Priced Term

Multiple Choice

Which of the following is true of open priced 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 applying a reasonable price at whatever time the court deems appropriate to fairness