How uniform commercial code was a firm offer created


Assignment task: Maker manufactures printing presses. News, a publisher of a local newspaper, was interested in purchasing a few presses. Rep, a representative of Maker, met with Bill, the president of News, to describe the advantages of Maker's presses. Rep also drew rough plans of the alterations that would be required in the News pressroom to accommodate the new presses, including additional floor space and new electrical installations, and left the plans with Bill.

On December 1, Bill received a letter signed by Seller, a member of Maker's sales staff, offering to sell the required number of presses at a cost of $2.4 million. The offer contained provisions relating to the delivery schedule, warranties, and payment terms, and stated that the terms will be good for 60 days. Under the Uniform Commercial Code was a firm offer created?

A. Yes, since both parties were merchants.

B. Yes, since the letter was a signed writing giving assurances that the offer will be held open.

C. No, since the offer stated the period of time for which it would be irrevocable.

D. No, since the offeror did not sign the form supplied by the offeror.

Request for Solution File

Ask an Expert for Answer!!
Other Subject: How uniform commercial code was a firm offer created
Reference No:- TGS03371739

Expected delivery within 24 Hours