Asked by Chaya Kohsuwan on Apr 28, 2024
Verified
Under the UCC,if a sale of goods contract offer between merchants is silent concerning the method of acceptance,it must be accepted by electronic means within 48 hours.
UCC
The Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.
Electronic Means
Utilizing digital technology and devices to facilitate communication, transactions, or information exchange.
Merchants
Individuals or businesses engaged in the trade of goods, services, or commodities for profit.
- Comprehend the requirements and effects of firm offers and contracts within the UCC.
Verified Answer
GA
Grace AlfreyApr 30, 2024
Final Answer :
False
Explanation :
Under the UCC, if a sale of goods contract offer between merchants is silent concerning the method of acceptance, it is assumed to be acceptable "by any reasonable means of communication." This could include electronic means, but there is no specific requirement for electronic acceptance within 48 hours.
Learning Objectives
- Comprehend the requirements and effects of firm offers and contracts within the UCC.
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