If Kane and Maguire Supply negotiate for the purchase and sale of a supply of fuel for a three-year period for Kane's business:

If Kane and Maguire Supply negotiate for the purchase and sale of a supply of fuel for a three-year period for Kane's business:






a. their contractual requirements regarding definiteness would be the same under the UCC and the common law.
b. Kane and Maguire must depend on the UCC's gap-filler provisions to determine a price since the fuel is a "good" covered by Article 2 of the UCC.
c. the contract price must remain the same for the entire three-year contractual period.
d. the contract may indicate a method for determining the price, without stating a definite price.






Answer: D


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Business Law Chapter 11

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