For the Written Confirmation Rule to Apply,who Must Be a Merchant

question 48

Multiple Choice

For the written confirmation rule to apply,who must be a merchant?

• A) the offeror
• B) the offeree
• C) both the offeror and the offeree
• D) neither the offeror nor the offeree
• E) the offeror, the offeree, and the assignee

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Definitions:

Cover

In contracts, especially concerning the sale of goods, the act of obtaining replacement goods or services when a seller fails to fulfill their obligations.

Security Interest

A legal claim or right granted over an asset to secure the payment of a debt or performance of some other obligation.

Contract Breach

An act of breaking the terms set out in a contract, which can result in legal action for enforcement or damages.

Capacity

Refers to the legal ability of a party to enter into a contract.