Under the UCC,if the Parties Are Both Merchants,additional Terms in the Offeree's

question 22

Multiple Choice

Under the UCC,if the parties are both merchants,additional terms in the offeree's form may be included in the agreement unless:

• A)the offer expressly limited acceptance to its own terms.
• B)the new terms materially abide the offer.
• C)the offeror gives notice of objection to the new terms without considering time limit.
• D)the offeree clearly makes a counteroffer by expressly rejecting the offer.

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Definitions:

Capital Resource

A capital resource is an asset utilized by a company to produce goods and services, such as buildings, machinery, and equipment.

Computer Chips

Small electronic devices containing integrated circuits used in almost all electronic equipment today.

Software

A set of instructions, data or programs used to operate computers and execute specific tasks.

Opportunity Costs

The price paid by not choosing the second-best option available during decision-making.