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When Does the UCC Assume a Three-Month Irrevocability Period

Question 43

Multiple Choice

When does the UCC assume a three-month irrevocability period?


A) Always.
B) Never.
C) If a firm offer is silent as to time.
D) Only if one of the parties is a nonmerchant.
E) Only if one of the parties lives in Louisiana who does not follow the common law.

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