Question

What terms does the UCC allow to be open? What cannot be open?

Answer 1

An offer may have open terms, including price, and still be valid. The UCC solves this problem by allowing open terms to be filled in under the rules of Article 2. For example, if the price is left open, the court will fill in a reasonable price at the time and place of delivery. Essential terms under the UCC are:
-Parties must be identifiable,
- Description of goods must be specified, and
-The quantity of goods must be specified
(*requirements and output contracts)