UCC Section 2-204 Provides Three Important Rules That Enable Parties

question 41

Multiple Choice

UCC Section 2-204 provides three important rules that enable parties to make a contract quickly and informally.Which of the following is NOT one of these rules?

• A)The parties may make a contract in any manner sufficient to show that they reached an agreement.
• B)A writing sufficient under the statute of frauds may be a simple memo, a letter, or informal note, but need not itself be a contract.
• C)The UCC will enforce a deal even though it is difficult to say exactly when it was formed.
• D)A court may enforce a bargain even though one or more terms were left open.

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Definitions:

Spurious Relationship

A false or misleading correlation between two variables that is not due to any direct relationship but might be due to a third variable or coincidence.

Causal Relationship

A connection between two variables where a change in one directly causes a change in the other.

Insurance Company

A financial institution that provides coverage by assuming the risks of its clients in exchange for premiums, offering protection against potential future losses.

Operationalization

The process of defining a research concept in practical, measurable terms.