David and George Have a Contract Wherein George Agrees to Buy

question 12

Multiple Choice

David and George have a contract wherein George agrees to buy sporting goods and equipment.Since the goods are not to be delivered for several months,they left the price open.Under the UCC,which of the following will be true?

• A) The price will be the reasonable price based on fair market value of the goods at the time of delivery.
• B) David has the freedom to set any price he wants considering George was foolish enough to enter into a contract without a price established.
• C) George has the right to establish a price because he is the buyer. David should have taken steps to protect his sales interest.
• D) None of the above. The contract is not valid because the terms are not definite and certain.

Identify and describe different types of control devices within motor control circuits.

Analyze the complexities and functionalities of two-wire motor control circuits.

Understand the role of pilot devices in controlling the motor starter control coil.

Learn about the automatic restart feature in motor control circuits and its implications.

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Definitions:

Duty Of Care

The duty of all persons, as established by tort law, to exercise a reasonable amount of care in their dealings with others. Failure to exercise due care, which is normally determined by the “reasonable person standard,” constitutes the tort of negligence.

Jointly And Severally

A legal term referring to a situation where two or more parties are held both together and individually responsible for an obligation.

Obligations

Duties or commitments imposed by law, contract, or moral responsibility.

Majority Of States

Refers to more than half of the 50 states in the United States.