The Code has made certain offers irrevocable without the offeree's giving any consideration for the promise to keep the offer open. These offers are known as:
A) options.
B) firm offers.
C) variant acceptances.
D) auctions.

Question

Quizplus · Accepted Answer

Firm offers are defined under the Uniform Commercial Code (UCC) as offers that are irrevocable for a certain period of time without the need for consideration, provided they are made by a merchant and are in writing. This makes them distinct from options, which do require consideration to be irrevocable.

The Code Has Made Certain Offers Irrevocable Without the Offeree's