The UCC provides that a merchant is bound to keep a written offer open for the stated period, but no longer than:

a. ten days.
b. two months.
c. three months.
d. a reasonable time.


c

Business

You might also like to view...

Just because an idea is clear to you does not guarantee that the idea will be clear to the receiver as well

Indicate whether this statement is true or false.

Business

To maintain harmony in a group, some team members may withhold unpopular opinions. This is known as what?

A) Collaboration B) Non performance C) Groupthink D) Hidden agendas E) Participative management

Business

Which of the following is not a substantive test of details for dividends?

a. Calculation of the dividend payout ratio. b. Examination of the minutes of the board of directors meetings for authorization of the dividend per share amount. c. Examination of the minutes of the board of directors meetings for the dividend record date. d. Agreement of the dividend amount with the payment in the cash disbursements journal.

Business

Which of the following statements with reference to extortion is true?

a. It is a crime even if the extortion message is only sent but not received. b. The words "pay up or else" are insufficient to constitute extortion. c. It is a crime even if the extortion message is sent either unwillingly or without the knowledge of the sender. d. An extortionate threat made to another in jest is not extortion.

Business