Under the UCC,how May an Acceptance Be Made

question 33

Multiple Choice

Under the UCC,how may an acceptance be made?

• A) Only by a writing.
• B) Only orally or by a writing.
• C) Only by electronic communication or by a writing.
• D) Only by facsimile or by mail.
• E) By any reasonable means of communication.

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Definitions:

Binding Price Floor

A price floor established by the government that exceeds the market equilibrium price, resulting in an excess supply of products or services.

Market Outcome

is the result of economic activities within a market, determined by the interaction of supply and demand.

English Textbooks

Books specifically designed for the study or teaching of the English language.

Price Floor

A price floor set by a government or organization, restricting how minimal the price of a product can be.