Carla has agreed to sell Lola her old dresser. Although they have agreed to a price, they have not agreed to a delivery date or when payment must be made. Under the Uniform Commercial Code (UCC), the contract is: Blank______.Multiple choice question.not sufficient and the parties are not obligated to buy or sell the goodsvoid because there are missing termsformed because the contract was made by non-merchantsformed even if some of the terms are open
Question
Carla has agreed to sell Lola her old dresser. Although they have agreed to a price, they have not agreed to a delivery date or when payment must be made. Under the Uniform Commercial Code (UCC), the contract is: Blank______.Multiple choice question.not sufficient and the parties are not obligated to buy or sell the goodsvoid because there are missing termsformed because the contract was made by non-merchantsformed even if some of the terms are open
Solution
The correct answer is: "formed even if some of the terms are open".
Under the Uniform Commercial Code (UCC), a contract for the sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of such a contract. The agreement need not detail the time of payment or delivery nor does it need to specify all the terms the parties agree upon. Even if one or more terms are left open, a contract for sale does not fail for indefiniteness if the parties have intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy.
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