Final answer:
According to the UCC, open terms do not cause a sales contract to fail for indefiniteness.
Step-by-step explanation:
According to the UCC (Uniform Commercial Code), one or more open terms will not cause a sales contract to fail for indefiniteness. The UCC recognizes that in business transactions, it may be difficult for parties to agree on every single detail upfront.
Open terms are terms that have not been fully specified or agreed upon, such as price, quantity, or delivery date. The UCC provides guidelines for filling in these open terms, typically by applying reasonable market standards or using industry customs.
For example, if a buyer and seller agree on all terms of a sales contract except for the price, the UCC may allow the price to be determined based on the prevailing market rate at the time of delivery.