Knowee
Questions
Features
Study Tools

A firm offer is an offer made in writing by a merchant that will be irrevocable for a period not longer than ________

Question

A firm offer is an offer made in writing by a merchant that will be irrevocable for a period not longer than ________

🧐 Not the exact question you are looking for?Go ask a question

Solution

Three Months

Similar Questions

Under Uniform Commercial Code (UCC) Section 2-205, offers made by merchants are considered firm offers if the offer: (1) is made in writing; and (2) gives assurance that it will be irrevocable for up to Blank______ despite a lack of consideration for the irrevocability.Multiple choice question.180 daysone year30 daysthree months

Today, an offeree may accept an offer in any reasonable manner no matter what the terms of an offer says.Group of answer choicesTrueFalse

A partnership contract is fiduciary in nature.Group of answer choicesTrueFalse

An offeree may accept a stipulated offer by using any reasonable means.Group of answer choicesTrueFalse

Which of the following acts brings an offer to an end?Group of answer choicescounter offer by the offereerevocation by the offereeany of these actions will end an offer.rejection by the offeror

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.