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Question 6 1 pts a A contract is formed if there is a definite acceptance regardless of additional or different terms if both parties are merchants. True O False Question 4 2 pts Jake is in the business of selling microphones. John tells Jake that he will buy 10 Shure microphones for resale which is what John does for a living. No price or specific terms are expressed. However, both parties have done business in the past and usually Jake mails the products to John. John pays for them within 30 days. This is under California law which has adopted the UCC. Which of the following is the best description of the situation? The parties do not have a binding contract because there is no price stated in the contract. The parties have a binding contract because there is a quantity stated in the contract. O The parties do not have a binding contract because there are not specific terms regarding time and manner of performance of the contract. O The parties have a binding contract because Jake is a merchant