According to the UCC,one or More Open Terms Will Not

question 4

True/False

According to the UCC,one or more open terms will not cause a sales contract to fail for indefiniteness as long as the parties intended to make a contract and there is a reasonably certain basis for the court to grant an appropriate remedy.

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Definitions:

Paid in Full

A term indicating that a bill or a debt has been completely paid off and no amount remains due.

Full Balance

This term could refer to the complete settling of a financial account, leaving no outstanding balance.

Endorsement

Official approval or support, often used in the context of public approval by a prominent figure or certification by a regulatory authority.

Date and Time Stamp

A digital or physical mark indicating the specific date and time when an event occurred or a document was created, modified, or received.