According to the UCC,one or More Open Terms Will Not

question 24

True/False

According to the UCC,one or more open terms will not cause a sales contract to fail for indefiniteness as long as the parties intended to make a contract and there is a reasonably certain basis for the court to determine the open terms.

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Definitions:

Free Gift

An item or service given without an exchange of payment. The term is somewhat redundant since gifts are typically free.

Superordinate Goals

Shared goals that override individual differences and can only be achieved by cooperative efforts.

Shared Goals

Objectives or aims that are pursued by more than one person or group, often leading to cooperation in efforts to achieve the outcome.

Cooperation

The process of groups working or acting together for a common purpose or benefit.