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Which of the Following Is True for Common Law and the Uniform

Question 10

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.

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