Blevins,Inc

question 59

Multiple Choice

Blevins,Inc.calls the Widget Corporation of America to order 400 widgets at $2 a widget.Widget accepts the oral order and then sends out an order confirmation form,with the pre-printed name Widget Corporation of America on the top of the form.The form states that an order has been received for "300" widgets and that it will be filled promptly.In this case:

• A) the order acceptance form fails to meet the writing requirement in the UCC,because it isn't signed.
• B) Blevins can enforce the contract for 300 widgets,but not for 400 widgets.
• C) if Blevins signs and returns the form,it will be able to sue for the extra 100 widgets later.
• D) the contract is enforceable for 400 widgets,because it has been partially performed.

---

Definitions:

Present Value

The contemporary value of a forthcoming sum of money or cash flow series, adjusted for a specific rate of return.

Cash Flow Stream

A series of cash inflows and outflows over a period of time, often used in financial analysis and investment decisions.

Discount Rate

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows.

Present Value

The present worth of a future amount of money or series of cash flows when calculated with a certain rate of return.