larue owns a horse ranch. larue enters into a contract with dora for the purchase of thirty saddles for his ranch to be delivered on a specific date. if the price of the saddles is not included in the contract, under the u.c.c.:

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26-10-2022
Business

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larue owns a horse ranch. larue enters into a contract with dora for the purchase of thirty saddles for his ranch to be delivered on a specific date. if the price of the saddles is not included in the contract, under the u.c.c.:

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qwcricket qwcricket · Answer 1 · 2022-10-29T12:34:55-04:00

If the price is not included in the contract, under the Uniform Commercial Code the court will determine a reasonable price at the time of delivery

Due to the prominence of cross-state business transactions, the Uniform Commercial Code (UCC), a body of regulations that regulates all commercial transactions in the United States, was created. Even though the price has not been agreed upon, the parties may still come to an agreement if they so choose.

This happens If nothing regarding price is said, the price is reasonable at the time of delivery; if the price is left to be agreed upon by the parties and they are unable to reach an agreement. Similarly, Dora and Larue have entered into a contract, but the purchase price is not recorded. If the price is not specified in the contract, the court will decide what is a fair price at the time of delivery under the Uniform Commercial Code

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