According to Exhibit 21-5 in the text, which terms can be interpreted by the UCC if left open in a contract?
A) All terms except price.
B) Payment, delivery, time, but not price or duration.
C) Price, payment, delivery, time, and duration.
D) Delivery, time, and duration, but not price or payment.
E) Time and duration, but not price, payment, or delivery.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) allows for the interpretation of open terms in a contract, including price, payment, delivery, time, and duration, to facilitate the enforcement of contracts even when not all terms are explicitly stated.

According to Exhibit 21-5 in the Text, Which Terms Can