Author Question: How are sales contracts handled when terms are missing? A) If a sales contract does not state the ... (Read 74 times)

washai · **on:** Jun 24, 2018

How are sales contracts handled when terms are missing?
A) If a sales contract does not state the price of goods that will be sold to the buyer, the contract is considered invalid.
B) If the price term is not expressly stated, it will be held to be the reasonable price for the same goods in the market.
C) When a contract includes the supply of both services and goods, the contract is considered to be a contract for the sale of goods only if the terms expressly state it is subject to the UCC.
D)If parties indicate that the price of goods must be fixed at a later date, and no price is thus fixed, the goods must be supplied at whatever price the seller sets.s not.

Question 2

If one of the parties retains money or a legal benefit in a breach of contract, that person is obligated to make restitution to the person conferring the benefit.
Indicate whether the statement is true or false