Q. 1. Did the parties have a valid contract under the UCC? Were any terms left open in the contract? If so, which term? Explain how would a court deal with open terms?

2. Assume which Holcomb and TCG meet in October in an attempt to resolve their problems. At which time, the parties reach an oral agreement which TCG will continue to work without demanding full payment of the past due amounts and Holcomb will pay TCG $5000 per week. Assuming the contract falls under the UCC, is the oral agreement enforceable? Explain why or explain why not?