Which of the Following Is True of a Sales Contract

question 26

Multiple Choice

Which of the following is true of a sales contract under the UCC?

• A)The courts cannot fill any "gaps" in the contracts.
• B)The court needs to determine if the parties intended to make a contract.
• C)An intent to contract exists even if the parties were unable to reach an agreement.
• D)All terms of contract need to be clear for the court to decide the case.

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Definitions:

Geegaws

Ornamental objects of no substantial value, often considered trinkets or gadgets.

Doodads

Informal term for small objects or gadgets, often of little value and used for decoration or trivial purposes.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are close substitutes, leading to price determination by supply and demand.

Coconuts

Tropical fruits with a hard outer shell and milky interior, known for their versatility in food products and industrial uses.