Collin offers to sell Phil a chest of drawers worth more than $$1000.$ Phil agrees to buy the chest and signs a contract for the purchase. They forget and leave the price of the chest out of the written contract. Collin and Phil have

no contract because this arrangement would be governed by common law and, thus, the price could not be left out.

no contract because parties cannot leave the price term out of the valid contract under the Uniform Commercial Code $($UCC$).$

a valid contract as long as the court can determine a reasonable price at the time of delivery.

a valid contract only if Collin refuses to name a price.