Contracts - Firm offers

Card Set Information

Author:
CecilySweet
ID:
214079
Filename:
Contracts - Firm offers
Updated:
2013-04-17 11:51:18
Tags:
firm offers
Folders:

Description:
firm offers
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The flashcards below were created by user CecilySweet on FreezingBlue Flashcards. What would you like to do?


  1. firm offers apply in a K for            ; governed by the         
    • the sale of goods
    • UCC
  2. Offer is irrevocable if:
    • (1) there has actually been anoffer;
    • (2) it has been made by a merchant;
    • (3) to buy or sell goods;
    • (4) whichgives assurances that it will be held open;
    • (5) in a signed writing;
    • (6) whichis for the time stated, or for a reasonable time (cannot exceed 3 months)
  3. if no time limit stated - cannot exceed...
    3 months

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