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What Is Required in Order for an Offer to Be

question 23

Essay

What is required in order for an offer to be considered a firm offer under the UCC? If a firm offer is silent as to time, what is the effect? Compare this effect with the result of silence as to time under the common law.


Definitions:

Burdens of Proof

The obligation to prove allegations presented in a legal dispute.

Substantive Law

The part of law that governs the rights and duties of individuals and collective bodies, as opposed to procedural law which governs how those rights and duties are enforced.

Legal Rights

Entitlements or permissions granted to individuals by law, allowing them to take certain actions or to be treated in certain ways.

Obligations

Duties or responsibilities imposed by law, contract, or moral duty.

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