TRUE or FALSE 1.The UCC requires application of the \"mirror image\" rule in cas
ID: 2495809 • Letter: T
Question
TRUE or FALSE
1.The UCC requires application of the "mirror image" rule in cases where contracts for the sale of goods are made by exchanging forms.
2.A contract generally comes into existence and becomes binding at the moment the parties have reached an agreement on all material provisions, although they may intend to later write down the terms of the agreement.
3.An acceptance must be in writing.
4.If an authorized means of acceptance is expressly present, any attempt by the offeror to accept by a non-authorized means is effective upon dispatch.
5.A bilateral contract is a promise for a promise.
6. If one or both parties to a form contract are non-merchants, the additional terms proposed by one of the parties are treated as:
revocation.
void.
expressly conditional.
proposals for addition to the contract.
7. Under the UCC Rule 2-207 for the sale of goods when a contract is made by the exchange of forms, when the acceptance form has terms additional to or different from the offer:
a contract can result but the differing terms may not be part of the contract.
no contract will result because the acceptance form will not be considered as a counter-offer.
a contract can result and the differing terms must be included as part of the contract.
no contract will result because the acceptance form will be considered as a counter-offer and thus an implicit rejection of the offer.
a.revocation.
b.void.
c.expressly conditional.
d.proposals for addition to the contract.
Explanation / Answer
Answer 1;- TRUE, The UCC requires application of the "mirror image" rule in cases where contracts for the sale of goods are made by exchanging forms.
Answer 3;- TRUE, An acceptance must be in writing.A definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time operates as an acceptance even though it states terms additional to or different from those offered or agreed upon, unless acceptance is expressly made conditional on assent to any different or additional terms.
ANSWER, 4- FALSE
a reply to an offer which purports to be an acceptance but contains additional or different terms which do not materially alter the terms of the offer constitutes an acceptance, unless the offeror, without undue delay, objects orally to the discrepancy or dispatches a notice to that effect. If he does not so object, the terms of the contract are the terms of the offer with the modifications contained in the acceptance.
ANSWER 5,- TRUE,
An agreement formed by an exchange of a promise in which the promise of one party isconsideration supporting the promise of the other party.
ANSWER, 6;- D, proposals for addition to the contract.
ANSWER 7,- Under the UCC Rule 2-207 for the sale of goods when a contract is made by the exchange of forms, when the acceptance form has terms additional to or different from the offer:
a contract can result and the differing terms must be included as part of the contract.
c.a contract can result and the differing terms must be included as part of the contract.
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