Exam 18: Formation of Sales and Lease Contracts

Which of the following sales would be covered by Article 2 of the Uniform Commercial Code?

Whistle Cabs, a taxi service company, has been ordered by the traffic department to update its taximeters to digital ones. Whistle Cabs decides to contract with Running Electricals, who provides digital taximeters. But to acquire it on such short notice, Whistle Cabs approaches Goldmint Bank. Goldmint Bank purchases the taximeters and delivers them to Whistle Cabs. The contract with Goldmint Bank allows the taxi service company to use the taximeters for a period of time by providing monthly rentals until that period is completed. What is the nature of the contract made between Goldmint, Whistle Cab, and Running Electricals?

According to the gap-filling rule, if a sales contract does not contain a specific price, ________.