Which of the following agreements is likely to be too uncertain to be enforced?
A) 'The supplier agrees not to accept offers from third parties during a six week negotiation period with the purchaser'.
B) 'The vendor agrees to sign the contract of sale, if the purchaser obtains a comfort letter from his bank'.
C) 'In the event of a crash in the market value of the product, the parties agree to renegotiate a new price in good faith'.

Question

Quizplus · Accepted Answer

The phrase "renegotiate a new price in good faith" is too vague and lacks specific terms, making it uncertain and difficult to enforce legally.

Which of the Following Agreements Is Likely to Be Too