MediQuip Corporation and LiquiClean Products, Inc., enter into a contract for a sale of goods that does not include a price term. In a suit between MediQuip and LiquiClean over this contract and the price, a court will
a. determine a reasonable price.
b. impose the lowest market price for the goods.
c. refuse to enforce the agreement.
d. return the parties to the positions they held before the contract.
Answer: a. determine a reasonable price.
Business Law
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