Under the UCC, the Court Will Determine a Reasonable Price

question 161

True/False

Under the UCC, the court will determine a reasonable price in case a contract is unclear about price and the parties cannot agree.

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Definitions:

Yolk Sac

One of the extraembryonic membranes that, in shelled vertebrates, contains yolk for the nourishment of the embryo, and in placental mammals is the first site for blood cell formation.

HCG

Human Chorionic Gonadotropin, a hormone produced during pregnancy by the placenta that supports the fetal egg after conception.

Trophoblast

Outer membrane surrounding the embryo in mammals; when thickened by a layer of mesoderm, it becomes the chorion, an extraembryonic membrane.

Pregnancy Test

A medical test used to determine if a woman is pregnant, typically by detecting the presence of hCG hormone in urine or blood.