Seller and buyer execute a contract for 500 jogging shoes, Operation Management

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Seller and buyer execute a contract for 500 jogging shoes

Seller and buyer execute a contract for 500 jogging shoes. The contract has all the basic terms, except the parties “agree to agree” on the price per shoe at a later date. a. Is there a contract? b. If so, what happens if they later fail to agree? c. Would your answer change if Seller says, “I need at least $50 per set of shoes,” and Buyer accepts? Explain

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Operation Management: Seller and buyer execute a contract for 500 jogging shoes

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