According to the UCC, One Open Term Will Cause a Sales

question 3

True/False

According to the UCC, one open term will cause a sales contract to fail for indefiniteness.​

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Definitions:

Output

The quantity of goods or services produced in a given time period by a firm, industry, or country.

Output

The complete sum of outputs, whether goods or services, created by an enterprise, industry, or economic entity.

Marginal Revenue

The revenue enhancement a company experiences by selling another unit of a product or service.

Total Revenue

The total amount of money received by a firm from sales of its products or services, calculated as the quantity sold times the price per unit.