The UCC rule that says that a merchant who offers to buy,sell,or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or,if no time is stated,for a reasonable time is referred to as the ________.

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The described UCC rule is known as the firm offer rule, which allows a merchant to make a written and signed offer that is irrevocable for the time stated or for a reasonable time if no time is specified. The gap-filling rule refers to how missing terms in a contract are filled in, the mirror-image rule deals with the acceptance of an offer, and the open term rule pertains to the definition of contract terms that are left open or ambiguous.

The UCC Rule That Says That a Merchant Who Offers