The UCC Provides That a Merchant Is Bound to Keep

question 59

Multiple Choice

The UCC provides that a merchant is bound to keep a written offer open for the stated period, but no longer than:

• A) ten days.
• B) two months.
• C) three months.
• D) a reasonable time.

---

Definitions:

Round Answers

The process of adjusting numerical figures to a specified degree of precision, often to the nearest whole number.

Finance Charge

A fee representing the cost of credit, including interest and other charges, incurred on a sum borrowed or on credit transactions.

Net Balance

The amount remaining after all deductions have been made, often used in the context of financial accounts.

Billing Date

The billing date refers to the date on which a bill is generated, outlining the charges incurred by the customer.