A buyer and a seller would like to enter into a contract for the sale of goods. In his offer the buyer does not specify a price. The seller agrees with the arrangement.
a. under Article 2 there is a contract if the parties have done business before; price never need be specified in such instances
b. under the common law of contracts, but not the UCC, there is a contract because the parties intended to enter into a binding agreement even in the absence of the price term
c. there can be no contract under Article 2 or the common law when a major term is missing
d. there is no contract under Article 2 because some of the offer's major terms were omitted or were simply left open for determination later
e. none of the other choices
Question 2
Which of the following can be patented in the United States, but not in Europe:
a. a surgery method b. a therapy method
c. a new variety of corn d. a new variety of sheep
e. none of the other specific choices may be patented in Europe
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