Contract for the sale of goods fail to insert the price term

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Reference no: EM131038059

A) If the parties to a contract for the sale of goods fail to insert the price term, what price will the court determine to be applicable?

B) When the delivery term has been omitted in a contract for the sale of goods, what can the parties assume it to be, a destination contract or a shipment contract?

C) If the parties to a contract for the sale of goods fail to insert the payment term, what payment term will the courts assume?

D) There is an on-going contract for monthly delieveries; however, the parties failed to designate the length of the contract term. How much notice must either party give to terminate the contract?

E) The one missing term the court will not supply is the "quantity term"; however, output and requirements contracts are valid under the UCC. Briefly describe these types of contracts.

Reference no: EM131038059

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