 | Wisconsin. Legislature. Legislative Council. Commercial Code Committee - 1961 - 368 lapas
...obligations in connection there8 with. 9 402.305 OPEN PRICE TERM. (1) The parties if they so intend 10 can conclude a contract for sale even though the price is not settled. 11 In such a case the price is a reasonable price at the time for delivery 12 if: 13 (a) Nothing is... | |
 | Wisconsin. Legislature. Legislative Council. Commercial Code Committee - 1963 - 374 lapas
...obligations in connec18 tion therewith. 19 402.305 OPEN PRICE TERM. (1) The parties if they so intend 20 can conclude a contract for sale even though the price is not settled. 21 In such a case the price is a reasonable price at the time for deliv22 ery if: 23 (a) Nothing is... | |
 | United States. Congress. House. Committee on the District of Columbia - 1964 - 162 lapas
...in realty or the transferor's obligations in connection therewith. §28:2—305. Open price term (1) The parties if they so intend can conclude a contract...is a reasonable price at the time for delivery if (a) nothing is said as to price; or (b) the price is left to be agreed by the parties and they fail... | |
 | United States. Congress. House. Committee on the District of Columbia - 1964 - 1598 lapas
...in realty or the transferor's obligations in connection therewith. §28:2—305. Open price term (1) The parties if they so intend can conclude a contract...is a reasonable price at the time for delivery if (a) nothing is said as to price; or (b) the price is left to be agreed by the parties and they fail... | |
 | Marshall Harris, Dean T. Massey - 1968 - 114 lapas
...Commercial Code allows the courts considerably greater leeway in supplying price terms by construction: (1) The parties if they so intend can conclude a contract...is a reasonable price at the time for delivery if: (a) nothing is said as to price; or (b) the price is left to be agreed by the parties and they fail... | |
 | Tony Carter - 1998 - 332 lapas
...and desirable in business transactions, UCC Section 2-305 addresses this issue. The UCC provides: 1. The parties if they so intend can conclude a contract...is a reasonable price at the time for delivery if a. nothing is said as to price; c. the price to be fixed in terms of some agreed market or other standard... | |
 | International Academy of Commercial and Consumer Law. Conference - 1998 - 530 lapas
...provision of the UCC72 produces essentially comparable results. However, the UCC provision states that in such a case the price is a reasonable price at the time for delivery rather than the market price at the time of the conclusion of the contract. Because of the currency... | |
 | Franco Ferrari, Harry M. Flechtner, Ronald A. Brand - 2004 - 885 lapas
...permitting a court to supply an omitted price term. 26 The United States Uniform Commercial Code states, "The parties if they so intend can conclude a contract for sale even though the price is not settled". 27 A Comment to this section, however, recognizes a rare situation where the absence of a price will... | |
 | Michael Maggi - 2004 - 347 lapas
...term remains open. A reading of UCC Section 2-305 indicates that the key element for the parties to conclude a contract for sale, even though the price is not settled, is the intent of the parties to do so.76 In Alter & Sons, Inc. v. United Eng'rs & Constructors, Inc.,77... | |
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The parties, if they so intend, can conclude a contract for sale even though the price is not settled. In such a case, the price is a reasonable price at the time for delivery if (a) nothing is said as to price; or (b) the price is left to be agreed by... 
