Under the Code, if the parties have reached no agreement on price, they cannot have a contract.

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Shavita Pathmanathan · Accepted Answer

Final Answer : False, Explanation :  Under the Uniform Commercial Code (UCC), a contract can still exist even if the parties have not agreed on a price; the UCC provides mechanisms to determine a reasonable price.

Under the Code, if the parties have reached no agreement on price, they cannot have a contract.

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