Final answer:
The true statement is that a contract between Morales and Rolfes Supply can outline a method for determining the price of fuel without stating a definite price. This flexibility in setting or adjusting prices during the contract term is allowed under the UCC's Article 2 which applies to the sale of goods. There is no requirement for the price to remain constant, and UCC standards differ from common law in providing more flexibility.
Step-by-step explanation:
If Morales and Rolfes Supply negotiate for the purchase and sale of a supply of fuel for a three-year period for Morales' business, the following statement is true: the contract may indicate a method for determining the price, without stating a definite price. This is in line with the Uniform Commercial Code (UCC) which allows for open price terms provided that the parties intend to make a contract and there is a reasonably certain basis for giving a remedy. The UCC's Article 2, which governs the sale of goods, provides that if the parties have not agreed on a price, the court can determine a reasonable price at the time for delivery. This reflects an understanding that in commercial transactions, flexibility can be important, and the price can be set by the market or agreed upon methodologies.
Additionally, it is not a requirement that the contract price remain the same for the entire contractual period. This allows parties to negotiate fluctuating prices based on market conditions or set formulas. Lastly, UCC standards for definiteness are not always the same as common law standards, as the UCC is more flexible to accommodate the needs of modern commerce.