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:

Assent

Assent is the agreement or approval by a party to the terms of a contract or an arrangement, often indicated through a signature or explicit agreement.

Allegations

Claims or assertions made against someone, often without proof, typically in legal contexts.

Silence

The absence of sound or the state of saying nothing, often used as a communication or negotiation strategy.

Acceptance

In contract law, it refers to the agreement of the offeree to the terms of the offer, creating a binding contract.