Alex and Scott have a contract wherein Scott agrees to buy sporting goods and equipment. Since the goods are not to be delivered for several months, they left the price open. Under the UCC, which of the following will be true?
a. None of these answers. The contract is not valid because the terms are not definite and certain.
b. Alex has the freedom to set any price he wants considering Scott was foolish enough to enter into a contract without a price established.
c. Scott has the right to establish a price because he is the buyer. Alex should have taken steps to protect his sales interest.
d. The price will be the reasonable price based on fair market value of the goods at the time of delivery.
Answer: D
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