Where a contract states that the price is to be fixed by a third party and such party fails to do so, then ___________.
A. The contract becomes void
B. The price is determined by both the parties
C. The contract is voidable at the option of the parties
D. None of the above
Answer:A
Where a contract states that the price is to be fixed by a third party and such party fails to do so, then ___________.
A. The contract becomes void B. The price is determined by both the parties C. The contract is voidable at the option of the parties D. None of the above