Video Question Go to this text’s Web site at www.cengage.com/blaw/blt and select “Chapter 15.”

Click on “Video Questions” and view the video titled Sales and Lease Contracts: Price as a Term. Then answer the following questions.

1 Is Anna correct in assuming that a contract can exist even though the sales price for the computer equipment was not specifi ed? Explain.

2 According to the Uniform Commercial Code (UCC), what conditions must be satisfi ed in order for a contract to be formed when certain terms are left open? What terms (in addition to price) can be left open?

3 Are the e-mail messages that Anna refers to suffi cient proof of the contract?

4 Would parol evidence be admissible?