According to the Uniform Commercial Code (UCC),which of the Following

question 42

Multiple Choice

According to the Uniform Commercial Code (UCC) ,which of the following statements is true of communication of acceptance?

• A) Any means deemed reasonable by the court in light of the circumstances is a reasonable means of communication.
• B) A dispatch that complies with only the stipulated requirements for acceptance is an authorized means of communication.
• C) Any form of acceptance that is implied by trade usage is a reasonable means of acceptance.
• D) A means slower and safer than the way the offer was communicated is an authorized means of communication.

---

Definitions:

Internal Rate of Return

A financial metric used to estimate the profitability of potential investments, calculated as the rate of return that makes the net present value of all cash flows from a particular project equal to zero.

Present Value

A calculation that determines the current value of a future amount of money or stream of cash flows given a specified rate of return.

Annual Cash Flows

The total amount of money being transferred into and out of a business over one year, considered in terms of liquidity and financial health.

Geothermal Heat Pump

A central heating and/or cooling system that transfers heat to or from the ground, using the earth as a heat source or sink.