(Solved): Collin offers to sell Phil a chest of drowers worth more than $1000. Phil agrees to buy the chest an ...

Collin offers to sell Phil a chest of drowers worth more than $1000. Phil agrees to buy the chest and signs a controct for the purchase. They forget and leave the price of the chest out of the written controct. Collin and Phil have

a volid contract as long as the court can determine a reasonable price at the time of delivery.

a volid controct only if Collin refuses to nome a price.

no contract becouse parties cannot leave the price term out of the valid contract under the Uniform Commerciol Code (UCC)

no controct becouse this orrongement would be governed by common low and, thus, the price could not be left out.