The UCC provides missing contract terms in which of the following instances?
A) The contract fails to specify the price.
B) The contract fails to specify the place of delivery.
C) Both failure to specify the price and failure to specify the place of deliver.
D) The UCC cannot provide missing contract terms; only the parties can provide terms.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) is designed to fill in gaps in commercial contracts when certain terms, such as the price or the place of delivery, are not specified by the parties. This helps in facilitating commerce by providing default provisions that apply in the absence of explicit agreement by the parties involved.

The UCC Provides Missing Contract Terms in Which of the Following