Under the Uniform Commercial Code,when Parties to a Sales Contract

question 46

True/False

Under the Uniform Commercial Code,when parties to a sales contract omit a price term,the contract is void because there is no "meeting of the minds."

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Definitions:

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.

Contract Remedies

Legal solutions provided in case of a breach of contract, including compensation, specific performance, and rescission, designed to address or correct the breach.

Tort Remedies

Legal solutions available in tort law for injuries or damages, including restitution, damages compensation, and injunctive relief.

Agent Duties

Obligations that an agent owes to their principal, including acting in the principal's best interest, with care, loyalty, and confidentiality.