Lexi pays Mobile Edge Electronics $600 and receives a new phone. Under the UCC, this is

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The transaction involves payment for a phone, which constitutes a sale under the UCC. A merchant's firm offer refers to a promise by a merchant to keep an offer open for a specified time, and a lease involves renting an item for a period rather than buying it outright. A requirements contract involves a promise by a buyer to purchase goods as they are needed, rather than committing to a specific purchase at the outset.

Lexi Pays Mobile Edge Electronics $600 and Receives a New