According to Exhibit 21-6 of the Text,which of the Following

question 26

Multiple Choice

According to Exhibit 21-6 of the text,which of the following statements about material terms under the UCC and the common law is true?

• A)Under both UCC and common law,all material terms other than price must be specified in the contract.
• B)Under both UCC and common law,material terms may be left open for subsequent determination by the parties.
• C)Under common law,all material terms must be specified in the contract,but under the UCC,material terms may be left open.
• D)Under both UCC and common law,all material terms must be specified in the contract.
• E)Under the UCC,all material terms must be specified in the contract,but under common law,material terms may be left open.

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Definitions:

Lancelets

Small marine invertebrates of the subphylum Cephalochordata, regarded as key to understanding the evolution of vertebrates.

Shallow Coastal Waters

Areas near the shore in oceans and seas where the water depth is relatively low, supporting diverse ecosystems.

Vertebrate Evolution

The process of change and diversification in vertebrates over time, leading to the current diversity of species with backbones.

Lobe-Finned Fish

A class of fish known for having fleshy, lobed, paired fins, which are precursors to the limbs of terrestrial vertebrates.