Under Article 2 of the UCC,a Contract Is Usually Enforceable

question 16

Multiple Choice

Under Article 2 of the UCC,a contract is usually enforceable even if which of the following terms is omitted:

• A)Price.
• B)Quantity.
• C)Price or quantity.
• D)Neither price nor quantity may be omitted.

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Definitions:

Information Processing Style

The mental approach or strategy an individual uses to collect, interpret, and understand information.

Intuitive

Characterized by the ability to understand or know something immediately based on instinctive feelings rather than conscious reasoning.

Thinking

The process of considering or reasoning about something.

Decision Trap

A situation in decision-making where biases, poor information, or pressure leads to a significant or systematic error.