Asked by Grace Parker on May 12, 2024
Verified
The UCC states that a properly dispatched acceptance sent by any reasonable means of communication within a reasonable time is effective on dispatch.What does the UCC mean by "reasonable" here?
Reasonable Means
Methods or actions that are considered fair, sensible, and appropriate given the circumstances.
UCC
Stands for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.
Communication
The process of exchanging information, ideas, thoughts, and feelings through spoken words, writing, signals, or behavior.
- Understand the importance and implementation of the Mailbox Rule in the formation of contracts.
Verified Answer
MM
Mohamed MohamudMay 16, 2024
Final Answer :
The understanding of what constitutes "reasonable" depends on the circumstances in which the offer was made.These include the speed and reliability of the means used by the offeree,the nature of the transaction,the existence of any trade usage governing the transaction,and the existence of prior dealings between the parties.
Learning Objectives
- Understand the importance and implementation of the Mailbox Rule in the formation of contracts.