Questions: 11.The UCC contains a series of gap-filling provisions which can be used to fill in missing terms in an agreement. True False

11.The UCC contains a series of gap-filling provisions which can be used to fill in missing terms in an agreement. True False
Transcript text: 11.The UCC contains a series of gap-filling provisions which can be used to fill in missing terms in an agreement. True False
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The answer is True: The UCC contains a series of gap-filling provisions which can be used to fill in missing terms in an agreement.

Explanation: The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States. One of its key features is the inclusion of gap-filling provisions. These provisions are designed to address situations where a contract may be missing certain terms. The UCC allows for these gaps to be filled with reasonable terms to ensure that the contract can still be enforced. For example, if a contract for the sale of goods does not specify a price, the UCC provides that a reasonable price at the time of delivery will be assumed. This flexibility helps facilitate commerce by allowing contracts to be upheld even when not all details are explicitly stated.

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