Parties express an objective intent to contract

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Reference no: EM13984680

Under the UCC, if no price is stated in an offer but the parties express an objective intent to contract, there is reasonably certain basis for providing a remedy in case of a breach, and a quantity term is included in the offer:

The price must later be agreed upon by the parties

There can be no contract

The court will determine a reasonable price at the time of delivery

The contract is voidable, but only at the option of the offer or

Reference no: EM13984680

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