Asked by Travis Williams on May 14, 2024

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If a term is left open in a sale of goods contract,that open term or "gap" can be filled by inserting a presumption found in the UCC's "gap-filling" rules.

Gap-Filling Rules

Provisions in law that allow courts or parties to fill in missing terms in a contract.

Sale Of Goods

The transfer of ownership to tangible personal property in exchange for money, other goods, or the performance of service.

  • Acknowledge the significance of the Uniform Commercial Code (UCC) in changing traditional rules of contracts, notably in terms of offer specificity and the mechanisms for gap resolution.
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AS
Ankush SodhiMay 16, 2024
Final Answer :
True
Explanation :
If a term is left open in a contract that meets these two standards,that open term or "gap" can be "filled" by inserting a presumption found in the Code's "gap-filling" rules.The gap-filling rules allow courts to fill contract terms left open on matters of price [2-305],quantity [2-306],delivery [2-307,2-308,and 2-309(1)],and time for payment [2-310] when such terms have been left open by the parties.