Asked by Aubrey Hadley on May 13, 2024
Verified
Under the Uniform Commercial Code,when is an acceptance effective?
A) When dispatched
B) When received
C) When received,if acceptance is sent by electronic means; otherwise,on dispatch
D) When dispatched,if the United States Postal Service is used; otherwise,on receipt
E) When dispatched,if the telephone is used; otherwise,on receipt
Acceptance Effective
The point in time when an agreement to the terms of an offer is communicated by the offeree to the offeror, resulting in a legally binding contract.
Dispatched
Sent off to a destination or for a specific purpose, often used in the context of sending out goods, documents, or personnel.
Electronic Means
Utilization of digital technology or devices to perform actions or provide services.
- Understand the role of acceptance, offer, and consideration in forming enforceable contracts under the UCC.
Verified Answer
KO
Khadarinho OfficialMay 16, 2024
Final Answer :
A
Explanation :
Under the Uniform Commercial Code,an acceptance may be made by any reasonable means of communication,and it is effective when dispatched.
Learning Objectives
- Understand the role of acceptance, offer, and consideration in forming enforceable contracts under the UCC.