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    Foundations of the Legal Environment of Business Study Set 2
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    Exam 10: Contracts and Sales: Introduction and Formation
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    Under Both UCC and Common Law, a Counteroffer
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Under Both UCC and Common Law, a Counteroffer

Question 30

Question 30

Multiple Choice

Under both UCC and common law, a counteroffer:


A) must be accepted by the original offeror.
B) is effective upon mailing or dispatch.
C) is also a rejection.
D) None of the above

Correct Answer:

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