Metro Daily and New City Newsstand Enter into a Contract

question 77

Multiple Choice

Metro Daily and New City Newsstand enter into a contract under which Metro agrees to deliver a certain quantity of newspapers to New City each day. The contract does not include a price term. In a suit between the par?ties over the price, a court will

• A) determine a reasonable price.
• B) impose the lowest market price.
• C) refuse to enforce the agreement.
• D) return the parties to the positions they held before the contract.

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Definitions:

Pottery

The craft or process of making vessels and other objects with clay and other ceramic materials, which are fired at high temperatures to give them a hard, durable form.

Jericho

An ancient city located in the West Bank, known for its historical significance and archaeological sites.

Farming Community

A group of people engaged in agriculture, cultivating land and raising crops or livestock, often sharing resources and communal spaces.

Regional Trade Network

A system of trading relationships and economic exchanges that occur primarily within a specific geographic region.