If a Contract for a Sale of Goods Omits a Price

question 46

True/False

If a contract for a sale of goods omits a price term, a reasonable price for the goods can be determined by looking at the market for them.

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Definitions:

Computer Chip Manufacturers

Computer chip manufacturers are companies engaged in the design, development, and fabrication of microchips or integrated circuits used in various electronic devices.

Sales Trainee

An individual who is undergoing training to acquire the skills and knowledge required to perform effectively in a sales role.

Sales Management

The process of directing a company's sales team by developing strategy, managing sales operations, and setting sales targets to maximize profits.

Assistant Sales Representative

An entry-level position in sales, assisting more senior sales representatives in their duties and learning the trade.