According to Exhibit 21-6 of the Text, Which of the Following

question 68

Multiple Choice

According to Exhibit 21-6 of the text, which of the following statements about material terms under the UCC and the common law is true?

• A) Under both UCC and common law, all material terms must be specified in the contract.
• B) Under both UCC and common law, material terms may be left open for subsequent determination by the parties.
• C) Under both UCC and common law, all material terms other than price must be specified in the contract.
• D) Under the UCC, all material terms must be specified in the contract, but under common law, material terms may be left open.
• E) Under common law, all material terms must be specified in the contract, but under the UCC, material terms may be left open.

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Definitions:

Discriminatory

Behaving unfairly towards a person or group of people based on prejudice against their race, sex, age, or other personal characteristics.

Controversy

A prolonged public dispute or debate, often involving differing opinions and strong feelings.

Educational Worlds

Environments or realms focused on learning, teaching, and academic development.

Business Worlds

Refers to the global landscape of commerce and industry, where companies operate, compete, and interact.