Jules is a jewelry manufacturer. He has sold wholesale to Fred's Diamond Emporium for the last ten years. Jules sends Fred an e-mail which reads: "I have 1000 pieces of 14-karat gold-set diamond earrings, all styles, available for delivery in thirty days. Are you interested?" Fred's response: "Absolutely! I'll take the whole lot. Please ship them to the usual address as soon as they're
available." There is no mention of a price. Is there an enforceable contract?
A) Yes, because the price can be determined from the course of dealing and fair value of the earrings.
B) No, because price is an essential term of any contract.
C) Yes, because price is not an essential term of a written contract.
D) No, because there is no way to accurately determine the value of diamond earrings.
A
You might also like to view...
Which of the following is considered a basic need for a child?
A. Clothing B. Food C. Shelter D. All of these choices are correct.
To avoid having the statute of limitations expire on some sexual assault cases, some states allow prosecutors to file charges against a __________.
Fill in the blank(s) with the appropriate word(s).
What percentage of people in the United States do not have a will (approximate)?
a. 3% b. 5% c. 5% d. 5%
What is the name of the court's official record of the actions in a case?
A) Docket B) Tickler C) Transcript D) Clerk records