Under UCC Article 2, When There Is a Failure to Respond

question 369

Multiple Choice

Under UCC Article 2, when there is a failure to respond to a writing signed by the other party:

• A) the contract will not be binding
• B) there cannot be a good contract
• C) there cannot be a good contract, but under the common law there could be
• D) the court may require the other party to respond in writing to make the contract legal
• E) none of the other choices are correct

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Definitions:

Activity-Based Costing

An accounting method that assigns costs to products and services based on the activities and resources that go into producing them.

Time-Driven

refers to a methodology where tasks or processes are estimated and evaluated based on the time they take to complete.

Activity-Based Costing

A pricing strategy that recognizes activities conducted in a company and apportions the cost of each activity across all services and products, reflecting their real consumption.

Receiving Calls

The process of answering incoming telephone calls, often associated with customer service or technical support departments.