Business, 16.04.2020 00:41 lovvyDovvy04

Sam agrees to buy and Meranda agrees to sell 1000 lbs of bananas actually worth $5000, but they have not agreed on the price yet. Details are finalized, and part of their agreement is that the exact price of the bananas will be determined in the future. Later, they are unable to agree on a price.

a) Since this transaction is covered by the UCC, is there a contract for the sale and, if so, what would the court say is the price, and on what basis?

b) If the sale were not bananas but involved the agreement to repair several air conditioners in an apartment building, how would a court handle this agreement? Would it enforce it?

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Sam agrees to buy and Meranda agrees to sell 1000 lbs of bananas actually worth $5000, but they have...

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