Under the UCC,a Contract for a Sale of Goods That

question 48

True/False

Under the UCC,a contract for a sale of goods that includes more than one open term is void.

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Definitions:

Dishonored

In relation to financial transactions, it refers to the refusal of payment on a check, note, or bill when presented.

Bill of Exchange

A bill of exchange is a written order used primarily in international trade that binds one party to pay a fixed amount of money to another party at a predetermined date or on demand.

Goldsmith

Traditionally, an artisan who crafts objects out of gold, but the term can also refer to a person or establishment dealing in gold and gold products.