Jasmine agrees to purchase 1,500 tons of recycled glass from Louie, the price to be determined at the time of delivery. Is such an agreement enforceable? Compare the common law with Article 2 of the UCC.
What will be an ideal response?
Yes, the agreement is enforceable under Article 2. Recycled glass is a good; therefore, Article 2 governs the agreement. Article 2, Section 2-305, provides that parties may conclude a contract even though they have not settled the price. This is a major change from common law which requires all important terms to be definite and certain.
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