According to the Gap-Filling Rule, If a Sales Contract Does

question 83

Multiple Choice

According to the gap-filling rule, if a sales contract does not contain a specific price, ________.

• A) the contract has to be redrafted to include a price
• B) the contract is considered void due to indefiniteness
• C) the contract can be enforced by either party by fixing an open term price
• D) the contract cannot be enforced upon the buyer

---

Definitions:

Restrictive Covenants

Clauses in a contract or agreement that limit certain actions or activities to protect business interests, such as non-compete or confidentiality agreements.

Promises

Declarations or assurances by one party to another agreeing to do or not to do something in the future, which may form the basis of a contract.

Land

A portion of the Earth's surface that includes its soil and anything naturally attached to it, considered as property.

Ceiling Fan

An electrically powered fan mounted to the ceiling of a room, which rotates blades to circulate air and provide cooling.