Which of the Following Statements Is True Regarding Sales Contract

question 55

Multiple Choice

Which of the following statements is true regarding sales contract terms left open under the UCC?

• A) Leaving terms open makes the contract unenforceable.
• B) If not stated,the price is a "reasonable" price at the time of delivery.
• C) The price may be fixed by a market,a third person,or another standard,if so provided in the contract.
• D) A and C only are true.
• E) B and C only are true.

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Definitions:

Visual Acuity

Visual acuity or the precision in seeing, often assessed by the capacity to recognize letters or numbers at a given distance.

Snellen Chart

A chart commonly used to measure visual acuity that consists of letters of progressively smaller size, used during eye examinations.

Near Vision Acuity

The ability to see clearly at a close range, typically measured to evaluate eyesight for reading and other close-up tasks.

Jaeger Chart

An eye chart used for reading up close and for determining near vision.