David and George Have a Contract Wherein George Agrees to Buy

question 7

Multiple Choice

David and George have a contract wherein George agrees to buy sporting goods and equipment.Since the goods are not to be delivered for several months,they left the price open.Under the UCC,which of the following will be true?

• A)The price will be the reasonable price based on the market value of the goods at the time of delivery or a price established by a neutral party or agency.
• B)David has the freedom to set any price he wants considering George was foolish enough to enter into a contract without a price established.
• C)George has the right to establish a price because he is the buyer. David should have taken steps to protect his sales interest.
• D)None of the above. The contract is not valid because the terms are not definite and certain.

Describe basic ancient architectural methods and their historical context.

Explain the material composition and significance of prehistoric sculptures.

Understand the impact of geographic location on Neolithic civilization development.

Identify the significance of megaliths in ancient construction.

---

Definitions:

Product Liability Laws

Legal rules concerning the responsibility of manufacturers and sellers for injuries caused by defective products they provided.

Ground-Up

To start something from nothing, building it step by step from the foundation.

Design Specifications

Detailed descriptions of the requirements for the components, materials, and performance of a product or project.

Defective

Refers to a product or item that has a flaw or weakness that prevents it from functioning as intended.