With Regard to the Terms of a Contract Created by the Exchange

question 49

Multiple Choice

With regard to the terms of a contract created by the exchange of nonconforming forms, the Uniform Commercial Code (UCC) states that if the parties are both _____, the additional terms in the offeree's form are included in the agreement unless the offer _____ limited acceptance to its own terms, the new terms would materially alter the offer, and the offeror gives notice of objection to the new terms within _____ after receiving the acceptance.

• A) merchants; impliedly; thirty (30) days
• B) merchants; expressly; a reasonable time
• C) nonmerchants; impliedly; a reasonable time
• D) nonmerchants; expressly; thirty (30) days

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Definitions:

Collective Action

The action taken together by a group of people whose goal is to enhance their status and achieve a common objective.

Social Protest

A collective action or demonstration expressing opposition to, or support for, a cause, policy, or set of conditions.

Collective Behaviour

The behaviour of people en masse – such as in a crowd, protest or riot.

Uniform Manner

Acting or executing in a consistent and identical way across different situations or instances.