Uniform commercial code handle open terms in offer

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Reference no: EM132226246

How does the Uniform Commercial Code handle Open Terms in an Offer (this is also known as filling the gaps/Gap Filling)? Can a contract still exist? Explain in detail. Can a contract be formed under the Uniform Commercial Code if the contract is missing a price term (open price term) or if the contract is missing the place the good/s will be delivered (open delivery term)? Explain these two (2) (open price term and open delivery term) in detail and give a real world example of how these (2) (open price term and open delivery term) work.

Reference no: EM132226246

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