Question: Under Uniform Commercial Code ( UCC ) Section 2 - 2 0 5 , if an irrevocable offer is made, for how long can the

Under Uniform Commercial Code (UCC) Section 2-205, if an irrevocable offer is made, for how long can the offer be irrevocable?
Up to six (6) months
Up to sixty (60) days
Up to three (3) months
Up to thirty (30) days
Up to one (1) year

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Under Uniform Commercial Code ( UCC ) Section 2 - 2 0 5 , offers made by merchants are considered firm offers if the offer: ( 1 ) is made in writing; and ( 2 ) gives assurance that it will be...

Q:

Week 4 assignment Business law. In Chapter 8, we pointed out that promises and agree- ments, and the knowledge that some of those promises and agreements will be legally enforced, are essential to...

Q:

4.2 FT BSkyB offer set to spark digital television price war: group to give away set-top boxes in battle for subscribers British Sky Broadcasting, the satellite broadcaster, armed itself for a fierce...

Q:

Review Sales and Business Structure Problems 1. Carrabel Breads, Inc. offered to sell Shop and Cart Market's 20,000 pounds of Plantation Bread at $1.00 per pound, subject to certain specified terms...

Q:

1 Which of the following statements regarding the Uniform Commercial Code (UCC) is correct? a. Courts will not consider the UCC unless the contract involves a sale of goods. b. Article 2 of the UCC...

Q:

Required Elements for a Valid Contract a) The required elements for a valid contract are: 1) an offer, 2) acceptance of that offer, 3) consideration, 4) legal capacity of the parties, and 5) legality...

Q:

1, According to the Uniform Commercial Code (UCC or Code), an oral contract for the sale of goods will not be enforceable if the total value of those goods is: A. More than $100. B. More than $500....

Q:

Due Tonight! Really appreciate it! Can I please have this Chapter Outline, { the main points }. Book is called Legal Concepts in Sport by Linda Jean Carpenter. As a reference I uploaded all the pages...

Q:

J.D Field & Company v. the United States Steel International Question: please summarize and include the following; Fact: Judgment: Issue: Holding: General Analysis Applied Analysis: J .D. Fields &...

Q:

Creditors' Rights and Secured Transactions Terms: Uniform Commercial Code (UCC): A comprehensive set of laws, mostly regarding contracts and sales, which has been adopted, in whole or in part, by...

Q:

A survey handed out to individuals at a major shop-ping mall in a small Florida city in July asked the following: Gender Age Ethnicity Length of residency Overall satisfaction with city services...

Q:

Suppose you are investing in two stocks: A & B. You invest 40% of your budget in Stock A and 60% of your budget in Stock B. The mean return for Stock A is estimated to be 0.13 and that of Stock B is...

Q:

What's the answer? Help Save & Exit Submilt 11 Fred and Wayne are 4-year-olds. When they are together, they often wrestle, run, race, push, and shove each other. Although their activities often...

Q:

Solve B. 6a2-23a +20. a +2 2a2-a-10 2a-5