The UCC states that a sales or lease contract will not fail for indefiniteness even if one or more terms are left open as long as the parties to make a , and there is a certain basis for the to grant an appropriate .

The UCC states that a sales or lease contract will not fail for indefiniteness even if one or more terms are left open as long as the parties to make a , and there is a certain basis for the to grant an appropriate . [UCC 2-204(3), 2A-2041(3)].

intended, contract, reasonably, court, remedy

Three of the most common open terms for which the UCC provides provisions to fill the gaps in a contract are , , and .

open price, open payment, open delivery

When a contract fails to specify a price, either because the parties have not agreed or the price is to be set by one of the parties later in good faith, then a court will:

determine a reasonable price at the time for delivery