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

question 64

Multiple Choice

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

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

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Definitions:

Confidence Level

A measure of certainty in statistical analysis that a parameter lies within a specific range of values.

Flashbulb Memory

Highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential news was heard.

Accuracy Trust

The degree of confidence in the accuracy of a source or information.

Retroactive Interference

A phenomenon in which subsequently learned material lowers the probability of recalling earlier learned material.