According to Exhibit $21-6$ of the text, which of the following statements about material terms under the UCC and the common law is true?

Multiple Choice

Under both UCC and common law, all material terms must be specified in the contract

Under both UCC and common law, material terms may be left open for subsequent determination by the parties.

Under both UCC and common law, all material terms other than price must be specified in the contract.

Under the UCC, all material terms must be specified in the contract, but under common law, material terms may be left open.

Under common law, all material terms must be specified in the contract, but under the UCC, material terms may be left open.