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Collins offers to sell to Phillip an antique chest of drawers worth more than $2,500. Philip agrees to buy the chest an signs a contract for the purchase. The price of the chest, however is left out of

asked Jun 22, 2020 210k views

Collins offers to sell to Phillip an antique chest of drawers worth more than $2,500. Philip agrees to buy the chest an signs a contract for the purchase. The price of the chest, however is left out of the contract. Collins and Philip have:

a. A valid contract s long as the court can determining a reasonable price at the time for delivery
b. A valid contract only is Collins refuses to name a price
c. No contract, because parties cannot leave the price term out of a valid contract under the Uniform Commercial Code (UCC)
d. A valid contract only if Phillip is able to produce evidence that Collins defrauded him

Roald asked

by Roald

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Adriancarriger · Answer 1 · 2020-06-28T01:03:13+0000

Answer:

A. A valid contract s long as the court can determining a reasonable price at the time for delivery

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