When Parties Fail to Expressly Agree on the Terms of a Sales

question 19

Multiple Choice

When parties fail to expressly agree on the terms of a sales contract:

• A)the contract is automatically void.
• B)the contract will fail if the court finds that the parties are acting as though they have a contract and it is impossible to point to a particular moment in time when the contract was created.
• C)the contract will not be enforceable under the UCC.
• D)the contract will not fail if the court finds that the parties intended to make a contract and that their agreement is complete enough to allow the court to reach a fair settlement of their dispute.

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Definitions:

Solidarity Theory

A concept in social sciences that emphasizes unity and agreement among individuals or groups, supporting each other to achieve common goals.

Relative Deprivation Theory

A sociological theory that posits individuals or groups will feel deprived and likely to seek social change when they compare themselves to others who are better off.

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic recovery during the Great Depression through industrial codes of fair practice and stimulating jobs creation.

Anti-Union Legislation

Laws aimed at limiting the power and activities of labor unions, affecting the rights of workers to organize.