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.

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Definitions:

Personal Selling

A direct form of selling where salespersons interact face-to-face with customers to explain or demonstrate the benefits of their product or service.

Standardized Good

A product that is uniform in quality and specifications across all units and is often mass-produced.

Risky

Entails exposure to danger, harm, or loss, often used to describe investments or decisions with a high potential for negative outcomes.

Productivity

The measure of efficiency in converting inputs into useful outputs, often assessed in the context of work, manufacturing, and time management.