Under the Uniform Commercial Code (UCC), a firm offer applies to:
A) a written, signed offer by a merchant to buy or sell goods.
B) an unwritten but definite offer to buy or sell goods.
C) a written, signed offer by anyone to buy or sell goods.
D) an unlimited, stipulated period of time.

Question

Quizplus · Accepted Answer

A firm offer under the UCC is a written, signed offer by a merchant to buy or sell goods, which contains a promise to keep the offer open for a specified period or time or an unlimited, stipulated period of time not exceeding three months.

Under the Uniform Commercial Code (UCC), a Firm Offer Applies