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Orwin, Owner of a Used Furniture Store, Gives Maggie a Signed

Question 77

Multiple Choice

Orwin, owner of a used furniture store, gives Maggie a signed offer to buy her living room furniture for $800. This offer:


A) is revocable at any time because no consideration was given.
B) would have been irrevocable if Orwin were a merchant, but he would not be considered a merchant under the UCC.
C) is irrevocable for a reasonable time, not to exceed three months, even if there was no consideration.
D) is revocable without consideration because it is an offer to buy rather than to sell.

Correct Answer:

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