Question

Omni Metals Company and Piecework Fabrication, Inc., enter into a contract under which Omni agrees to deliver a certain quantity of sheet metal to Piecework each month. The contract does not include a price term. In a suit between the parties over the price, a court will
determine a reasonable price at the time for delivery.

Answer 1

Answer:

a. determine a reasonable price.

Explanation:

When the contract does not agree on the price between the parties, in cases of the lawsuit like the one in the example, the court determines a "reasonable price at the time for delivery".

The predominant factors surrounding the case are used to determine what this price would be and what is considered reasonable for both parties. It should be determined according to the commercial standards and the norms of fair trade.