Question: If the price is missing in a UCC, Article 2 contract No contract is formed because price is an essential term in all UCC contracts

If the price is missing in a UCC, Article 2 contract No contract is formed because price is an essential term in all UCC contracts A contract can be formed so long as a quantity term is specified.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!