Under Article 2 of the UCC, a merchant's firm offer:
A) requires a signed writing by the offeror that the offer will remain open for a given period
B) is irrevocable if stated in writing that it remains open for a given time
C) stays open for a time not to exceed 3 months, if no other period of time is stated in the offer
D) does not require consideration to be irrevocable
E) all of the other choices
Correct Answer:
Verified
Q203: Under Article 2 of the UCC a
Q204: InOrkal Industries v. Array Connector, where Orkal
Q205: Lisa mailed an offer to sell cotton
Q206: Under UCC Article 2, terms regarding payment,
Q207: Under the common law, an offer can
Q209: A buyer and seller have been doing
Q210: Which of the following is not true,
Q211: A buyer and a seller would like
Q212: Under the common law, an acceptance cannot
Q213: When terms in contracts conflict, it is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents