Hanold Construction placed an order for two hundred 2 x 4s from Timber Tom's. If the cost of the lumber is not specified, the UCC:
a. says there is no contract because having even one open term makes the offer too indefinite.
b. allows Timber Tom's to charge any price for the lumber.
c. allows Hanold Construction to determine a fair price for the lumber.
d. allows Timber Tom's to charge a reasonable price that is the fair market value of the lumber.
Answer: D
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Business Law Chapter 11
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