Karen Has Agreed to Buy May's Car, but the Two

question 6

Multiple Choice

Karen has agreed to buy May's car, but the two have not agreed on the price.When there is no agreement in a sales contract as to price, what effect does it have on the contract?

• A)There is a contract, with the price being whatever the seller decides.
• B)There is a contract, with the price being a reasonable price at the time the agreement was made.
• C)There is no contract, because the agreement is not definite and certain enough.
• D)There is a contract, with the price being a reasonable price at the time of delivery.

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Definitions:

Pay Structures

The organization of different levels of pay for different jobs within a company, designed to maintain pay equity and competitiveness.

Organizational Performance

An analysis of a company's performance as measured against goals in areas such as financial results, customer satisfaction, social responsibility, and employee engagement.

Host-Country Nationals

Employees who are citizens of the country where a multinational company's branch or subsidiary is located.

Legal Requirements

Legal requirements are obligations that individuals, organizations, or businesses must comply with according to laws and regulations.