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Question
Toby and Roy are car dealers; Toby makes a deal with Roy to sell a 1978 Buick. However, they failed to reach any agreement regarding the price of the car and decided to leave the matter to a future date to be decided once Toby delivers the car. Which of the following is true about this deal?
A. According to the Code, a reasonable price will be put on delivery.
B. According to the common law, this contract is definite and legal.
C. According to the common law, Roy can sue Toby.
D. According to the Code, it is an illegal contract due to absence of intent.
Answer
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