In an Agreement Between Two Parties,if the Facts Indicate That

question 30

Multiple Choice

In an agreement between two parties,if the facts indicate that a term was left out because the parties were unable to reach an agreement about it,it would probably mean that:

• A)the CISG must fill in the gaps only if the price terms are left in the agreement.
• B)the party's intent to contract and CISG must fill in any gaps left in the agreement.
• C)the UCC must fill in any gaps left in the agreement.
• D)the intent to contract is absent,and no contract was created.

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Definitions:

Units Produced

The total quantity of goods or products manufactured by a company within a specific time frame.

Sales Revenue

The total amount of money generated from the sale of goods or services before any costs or expenses are deducted.

Product Cost Distortion

Misallocation of manufacturing costs to products, often resulting in some products being overcosted and others undercosted.

Cost-Plus Pricing

A pricing strategy where a fixed percentage or amount of profit is added to the cost of producing a product or delivering a service to determine its selling price.