If a price is not determined by the parties in a contract of sale, the buyer is bound to pay________________. Select one: a. the price which the buyer thinks is reasonable b. the price to be determined by a third independent person c. the price demanded by the seller d. a reasonable price
If a price is not determined by the parties in a contract of sale, the buyer is bound to pay________________. Select one: a. the price which the buyer thinks is reasonable b. the price to be determined by a third independent person c. the price demanded by the seller d. a reasonable price
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
If a price is not determined by the parties in a contract of sale, the buyer is bound to pay________________.
Select one:
a. the price which the buyer thinks is reasonable
b. the price to be determined by a third independent person
c. the price demanded by the seller
d. a reasonable price
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