Suppose for your new job you need to arrange the lease of a company vehicle. In your dealings with the car lease company, they fax over an offer for your acceptance. However, you change one of the terms from the lease company's original offer in your acceptance. Instead of paying in advance, you change the contract to say "Payment is due at the time and place at which the buyer is to receive the goods." Does the changing of the terms of the offer still allow for a valid acceptance?
No, because payment type can never be left unspecified in UCC contracts.
No, because the contract is required to be in writing under the statute of frauds.
No, because of the mirror-image rule.
Yes, the mirror-image rule does not apply.
Yes, because this scenario is an example of a firm offer.
In what states has Article 2 of the UCC been adopted?
In no states in the United States.
In all states except Louisiana.
States do not need to adopt the UCC to enact the rules.
In all states in the United States.
Article 2 of the UCC is mandated by the Constitution.
Charlene is starting a birthday party catering business and leases a popcorn machine and a frozen drink maker from E-Z Rental. Then Mrs. Smith pays Charlene for Charlene's catering services at her son's birthday party. Who is the lessor?
Both Charlene and Mrs. Smith.
Charlene.
E-Z Rental.
Mrs. Smith.
None of these parties are the lessor.
Suppose your company is a merchant and you enter into a contract with another merchant. However, instead of a formalized contract between the two parties, the other company just sends a written memo outlining the products ordered and prices. Is this memo sufficient to satisfy the statute of frauds?