$3$ business questions $123$ Boyardee contracts with Franco American to purchase $30$ pasta pots $-$ each pot worth only $$50$ each, but making the contract price $$1,500\mathrm{.}00.$ However, the term for when payment would be due had been left out of the signed contract. When Boyardee refuses to pay on the grounds that the payment terms were not included in the contract, Franco American sues. What will be the likely outcome of the suit? Select one: a$.$ Boyardee will win because this contract does not fall within the scope of the UCC. b$.$ Boyardee will win because the contract was missing a vital term $($i$.$e$.$ the payment term$).$ OC$.$ Franco American will win because one or more contract terms may be left open. d$.$ None of the above.Brad tells Jennifer: "I will purchase your valuable painting of Angelina for $$5,000\mathrm{.}00$ if it looks good with the curtains in my bedroom." The painting is worth $$6,000\mathrm{.}00.$ Jennifer says: "Deal." The two shake hands on what is hoped will be a fruitful contract. What is the status of the contract? Select one: a$.$ There is an enforceable contract. b$.$ There is no consideration as "paintings" create no benefit'to either party. c$.$ There is an unenforceable contract because of the mailbox rule. d$.$ There is an unenforceable contract because of the Statute of FraudsCandy, a certified realtor, sends a fax to Mandy, also a realtor. The fax from Candy states: "Per our phone conversation earlier today I will buy all three of your listed properties $($including the houses and the land$)$ for $$100,000\mathrm{.}00.$ Closing in $10$ days." In fact, Mandy and Candy had discussed the selling of the houses and land for $$100,000\mathrm{.}00$ earlier that morning, Mandy does not respond to the fax for $10$ days. $10$ days after the fax is sent, Candy appears at Mandy's office, ready to complete the bargain Which of the following must now occur? Select one: a$.$ Mandy must sell the property to Candy due to the "merchant exception" under the UCC. b$.$ Mandy must sell the property to Candy due to Mandy not responding to the fax within $10$ days. c$.$ Both A and B$,$ above. d$.$ None of the above.