Regarding differences under the UCC in the treatment of merchants and nonmerchants,which is true?
A) The UCC applies to merchants,but not to nonmerchants.
B) The UCC requires merchants' contracts to be in writing,but not those of nonmerchants.
C) The requirements for a merchant to form a contract are less stringent than those for nonmerchants,and merchants receive fewer protections than nonmerchants.
D) The consideration requirement has been eliminated for contracts between merchants,but is still present in contracts involving at least one nonmerchant.
Correct Answer:
Verified
Q39: A "firm offer" can be held open
Q40: Under the UCC,a court can find that
Q41: A merchant is a person who:
A) deals
Q42: For the firm offer rule to apply,who
Q43: Under the UCC,if a purported acceptance to
Q45: Where a contract for the sale of
Q46: If the time,place,and manner of delivery of
Q47: Which of the following statements is true
Q48: Under the UCC,firm offers can be made:
A)
Q49: What is "course of performance?"
A) the previous
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