§12A-2-305.

§12A-2-305.
   
   (1) The parties if they so intend can conclude a contract for sale
   even though the price is not settled. In such a case the price is a
   reasonable price at the time for delivery if
   
   (a) nothing is said as to price; or
   
   (b) the price is left to be agreed by the parties and they fail to
   agree; or
   
   (c) the price is to be fixed in terms of some agreed market or other
   standard as set or recorded by a third person or agency and it is not
   so set or recorded.
   
   (2) A price to be fixed by the seller or by the buyer means a price
   for him to fix in good faith.
   
   (3) When a price left to be fixed otherwise than by agreement of the
   parties fails to be fixed through fault of one party the other may at
   his option treat the contract as cancelled or himself fix a reasonable
   price.
   
   (4) Where, however, the parties intend not to be bound unless the
   price be fixed or agreed and it is not fixed or agreed there is no
   contract. In such case the buyer must return any goods already
   received or if unable so to do must pay their reasonable value at the
   time of delivery and the seller must return any portion of the price
   paid on account.