Baker and Able signed a contract,which required Able to purchase 600 books from Baker at Baker's wholesale cost at the time of delivery.Under the circumstances,the oral agreement is:
A)unenforceable,because Able failed to give consideration,but proof of it will be otherwise admissible into evidence.
B)unenforceable,due to the statute of frauds,and proof of it will be inadmissible into evidence.
C)enforceable,but it is not a valid agreement.
D)enforceable,and proof of it will be admissible into evidence.

Question

Quizplus · Accepted Answer

Under the UCC,if the agreement gives either party the power to fix the price,that part must do so in good faith.

Baker and Able Signed a Contract,which Required Able to Purchase