Multiple Choice
Which of the following is true for common law and the Uniform Commercial Code (UCC) ?
A) The UCC requires consideration for a "firm offer" while common law does not.
B) There is a vast difference between common law and the UCC on issues of duress.
C) Unlike the UCC, in common law, an offer can be revoked at any time prior to acceptance unless the offeror has given the offeree an option.
D) The UCC and common law require consideration to modify a contract.
E) The common law and the UCC have a Statute of Frauds.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Under the Uniform Commercial Code, a contractual
Q6: Colleen telephoned an off-campus computer store and
Q7: A "contract" for a gift of goods
Q8: Under the Code, as at common law,
Q9: The Code displaces all common-law rules with
Q11: A merchant can only be defined in
Q12: Under the Uniform Commercial Code of offer
Q13: Julia, planning to move, sells many of
Q14: When a consumer purchases a car on
Q15: Able and Baker, two California residents, could