If a Firm Offer Is Silent as to Time,the UCC

question 41

Multiple Choice

If a firm offer is silent as to time,the UCC assumes ______.

• A) A one-year irrevocability period
• B) A six-month irrevocability period
• C) A four-month irrevocability period
• D) A three-month irrevocability period
• E) A one-week irrevocability period

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Definitions:

Lowest Terms

The simplest form of a fraction where the numerator and denominator are reduced to their smallest values.

Provincial Government

A form of government found at the sub-national level, typically responsible for local regions within a country, managing areas like education and transportation.

Budget Forecasts

Predicted financial statements or estimates for future periods based on expected income and expenses.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.