Under the UCC, If a Merchant Offers to Keep an Offer

question 23

Multiple Choice

Under the UCC, if a merchant offers to keep an offer open

• A) the offer must be in writing.
• B) the offer may be withdrawn at any time.
• C) the offer is firm for at least three months.
• D) the offeree must have given consideration.

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Definitions:

Medicaid

A government-funded program in the United States that provides health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Supplemental Security Income

A United States government program that provides financial assistance to individuals who are elderly, blind, or disabled and have little or no income.

TANF

Stands for Temporary Assistance for Needy Families, a federal assistance program designed to help families in need achieve self-sufficiency.

Subsidized Health Insurance

Subsidized health insurance is a health policy for which a government or organization bears a portion of the cost, making it more affordable for the insured.