When the Parties Agree to Pay the "Market Value" of an Item

question 58

True/False

When the parties agree to pay the "market value" of an item, or when some other objective method or formula for pricing a product at some time in the future is used, the consideration is calculable and is thus sufficiently specific to be binding.

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Definitions:

Terminal Bud

Bud that develops at the apex of a shoot.

Rhizomes

Underground plant stems capable of producing the shoot and root systems of a new plant, contributing to asexual reproduction and the spread of the plant.

Papery Leaves

Leaves characterized by a thin, dry, and delicate texture, often found on plants in dry environments.

Corms

Underground plant stems that serve as storage organs for nutrients during dormant periods.