Final answer:
Taylor's offer to Peel under the Uniform Commercial Code is valid even without a price term and can be accepted by Peel either by a prompt promise to ship or by prompt shipment.
Step-by-step explanation:
The scenario presents a contract law question specifically relating to the formation of contracts and what constitutes a valid offer and acceptance under the Uniform Commercial Code (UCC). Taylor’s statement, “Ship promptly 600 dozen grade A eggs,” can be construed as an offer to enter into a contract. Under the UCC, which governs sales of goods, an offer can be accepted in any reasonable manner unless the offer specifically dictates the method of acceptance. Thus, Peel could accept the offer by either a prompt promise to ship or a prompt shipment, as per UCC Section 2-206(1)(a) which states that an offer to make a contract shall be construed as inviting acceptance in any manner and by any medium reasonable in the circumstances.
In this scenario, although the price term is omitted, under UCC Section 2-305, the court can determine a reasonable price at the time for delivery if the parties have intended to form a contract without a price being settled. Hence, the absence of a price term does not invalidate the offer. Consequently, the correct answer is: D. May be accepted by Peel either by a prompt promise to ship or prompt shipment.