Under the Code, If the Parties Have Reached No Agreement

question 26

True/False

Under the Code, if the parties have reached no agreement on price, the price is a reasonable one at the time of making the contract.

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Definitions:

Intrinsically Motivated

Being internally driven to perform an activity, task, or pursue a goal for its own sake, rather than for some external reward or pressure.

Charismatic

Possessing an exceptional ability to attract, inspire, and influence people around them.

Task-Oriented

An approach or behavior focused primarily on completing given tasks or objectives, often highlighting efficiency and effectiveness.

Organizational Situations

Unique sets of conditions, circumstances, or contexts within which organizations operate, affecting decisions and actions.