Multiple Choice
Under common law, _____.
A) a contractual obligation may arise even if the agreement has open terms
B) an offer can be revoked at any time prior to acceptance unless the offeror has given the offeree an option
C) if the acceptance is the same as the offer, no contract results
D) there is no consideration if one party wants to forgive another's breach by written waiver or renunciation signed and delivered by the aggrieved party
E) no written agreement is required to discharge a breaching party
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Although the UCC comprehensively covers commercial transactions,
Q19: The Uniform Commercial Code defines a lease
Q20: Louisiana is the only state to not
Q21: If an agreement for the sale of
Q22: a(n. _ lease is used when a
Q24: The Code specifically defines what is an
Q25: Under the Code, "open terms"-such as no
Q26: The Uniform Commercial Code will not govern
Q27: Newman borrows his neighbor's lawn mower for
Q28: A _ is the transfer of possession