Under the Uniform Commercial Code, a contractual obligation will never arise when the agreement has open terms.

Name: Under the Uniform Commercial Code, a contractual obligation will never arise when the agreement has open terms.
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Quizplus · Accepted Answer

Under the Uniform Commercial Code, an agreement with open terms can still give rise to a contractual obligation, as long as the parties have a mutual understanding of the essential terms of the contract.

Under the Uniform Commercial Code, a Contractual Obligation Will Never