If a contract for a sale of goods does not include a price term,a reasonable price can be determined by looking at the market for the goods.

Question

Quizplus · Accepted Answer

If a price term is not included in a contract for the sale of goods, a reasonable price can be determined by considering the current market for the goods. This is known as an implied term of the contract. Therefore, the statement is true.

If a Contract for a Sale of Goods Does Not