The UCC states that a sales or lease contract will not fail for indefiniteness even if one or more terms are left open as long as the parties to make a , and there is a certain basis for the to grant an appropriate .

The UCC states that a sales or lease contract will not fail for indefiniteness even if one or more terms are left open as long as the parties to make a , and there is a certain basis for the to grant an appropriate . [UCC 2-204(3), 2A-2041(3)].

intended, contract, reasonably, court, remedy

Three of the most common open terms for which the UCC provides provisions to fill the gaps in a contract are , , and .

open price, open payment, open delivery

When a contract fails to specify a price, either because the parties have not agreed or the price is to be set by one of the parties later in good faith, then a court will:

determine a reasonable price at the time for delivery

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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