A Contract for the Sale of Goods Is Enforceable Even

question 19

True/False

A contract for the sale of goods is enforceable even if the price is "open."

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Definitions:

GST

Goods and Services Tax; a value-added tax levied on most goods and services sold for domestic consumption.

Mill Rate

A property tax rate expressed in tenths of a cent, applying to the assessed value of property.

Property Taxes

Taxes paid by property owners, typically annually, based on the assessed value of their property and the tax rate of the local government.

Assessed

Evaluated or estimated the value of (a property, a tax, a fine, etc.) for taxation or pricing purposes.