Asked by Melissa Gonzalez on Jun 16, 2024
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The Code's firm offer rule applies only to offers in writing that are made by a merchant offeror.
Firm Offer Rule
A legal principle stating that a merchant’s offer to buy or sell goods, assuring that the offer will remain open for a certain period, is binding and cannot be revoked.
Merchant Offeror
A seller or provider of goods or services considered legally as a "merchant," often involved in making offers in the course of business.
Writing
The act or process of composing text or documenting information in a durable medium.
- Grasp the concept and requirements of the UCC’s firm offer rule.
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Learning Objectives
- Grasp the concept and requirements of the UCC’s firm offer rule.
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