UCC2 - Duy L. Ton-That BUL 5332 Common Law Contracts 1. A....

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Duy L. Ton-That BUL 5332 Common Law Contracts 1. A. Wrong. It can be between merchant and buyer too. B. Correct. Under the firm offer definition of UCC2, If a merchant signs a written offer giving assurances that it will be held open, the offer is irrevocable for the stated period, or for a reasonable period if none is stated, in no event to exceed 3 months. C. Wrong. If the period is not stated, the offer can be irrevocable for 90 days. D. Wrong. BS 2. A. Wrong since an acceptance containing additional term is valid. B. Wrong. BS C. Wrong. An acceptance is valid the moment it is sent. D. Correct since an acceptance containing additional term is valid. 3. A. Wrong. B. Wrong C. Wrong D. Correct. Under conditional sales, with sale on approval, T & R of L do not pass from S to B until B actually approves/accepts the goods. So A, B and C are wrong. 4. A. Correct. UCC imposes obligation of good faith. No additional consideration required nor is a writing necessary in order to agree to rescind or
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UCC2 - Duy L. Ton-That BUL 5332 Common Law Contracts 1. A....

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