In an Agreement Between Two Parties, If the Facts Indicate

question 12

Multiple Choice

In an agreement between two parties, if the facts indicate that a term was left out because the parties were unable to reach an agreement about it, it would probably mean that the:

• A) CISG must fill in the gaps only if the price terms are left in the agreement.
• B) parties intended to contract and CISG must fill in any gaps left in the agreement.
• C) UCC must fill in any gaps left in the agreement.
• D) intent to contract is absent, and no contract was created.

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Definitions:

Trade

The exchange of goods or services between individuals, organizations, or countries.

Coffee

A beverage made by brewing roasted coffee beans, the seeds found in the berries of the Coffea plant.

Counterarguments

Arguments presented in opposition to another argument, typically used to challenge or debate a point of view.

Economists

Experts or scholars who study the production, distribution, and consumption of goods and services, focusing on economic theories and policies.