If the Price Is Omitted from a Sales Contract,a "Reasonable

question 86

True/False

If the price is omitted from a sales contract,a "reasonable price" will be implied upon delivery.

---

Definitions:

Market Power

The ability of a company or entity to influence the price of goods or services in a market.

Monopoly

An industry in which one firm produces all the output. The good or service produced has no close substitutes.

Judge Learned Hand

An influential American judge and judicial philosopher, renowned for his prolific rulings and essays on constitutional law and civil liberties.

Largest Merger

A significant corporate action where two or more companies combine into one entity, often to expand market share and resources.