The UCC permits terms to be added into a contract or filled in as gap fillers; however, a contract between merchants cannot be enforced unless the parties have agreed to and specified a price in their agreement.

True/False

True

Explanation:

The UCC permits terms to be added into a contract, but for a contract to be binding and enforceable in the court of law both parties involved in the contract have to fulfill the elements of common law which prescribes that a contract has to be read , understood and agreed on by both parties and this includes specifying and agreeing to a price which will be written in the agreement.

Common laws are laws drawn from previous judgement made by a judge on a similar case they are not explicitly written or included in the constitution by the Judiciary

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%