Payton Manufacturing produces men$$s and ladies$$ slacks. Payton sends a purchase order to Global Textiles Inc., Payton$$s usual supplier, for fifty bolts of cloth. Global ships fifty bolts of cloth to Payton. Payton decides to order cloth from another manufacturer, so Payton rejects the shipment. Payton claims that the parties did not have a binding contract because they did not sign a contract that included the price, and no price was listed in the purchase order. If Global sues Payton for breach of contract the court will probably hold that:

there was a valid contract because Payton is the party who initiated the purchase order.

there was no valid contract because under the UCC, all the details, including price, must be stated in the contract.

there was a valid contract even though the price was missing.

there was no valid contract because no price was included.