Which of the Following Statements Is True Regarding Sales Contract

question 46

Multiple Choice

Which of the following statements is true regarding sales contract terms left open under the UCC?

• A)Leaving terms open makes the contract unenforceable.
• B)If not stated,the price is a "reasonable" price at the time of delivery.
• C)The price may be fixed by a market,a third person,or another standard,if so provided in the contract.
• D)A and C only.
• E)B and C only.

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Definitions:

Social Adaptation

The process by which individuals adjust their behaviors, attitudes, and social practices to fit into or cope with the norms, values, and culture of a new social environment.

Selling Drugs

The act of distributing illegal or controlled substances in violation of laws; often subjects the seller to criminal charges.

Merton

Robert K. Merton was an American sociologist known for his theories on social structure, anomie, and the sociology of science.

Selling Drugs

The act of illegally exchanging controlled substances for money or other goods.