Question

Under the Sales Article of the UCC, when a written offer has been made without specifying a means of acceptance but providing that the offer will only remain open for ten days, which of the following statements represent(s) a valid acceptance of the offer?i. An acceptance sent by regular mail the day before the ten-day period expires that reaches the offeror on the eleventh day.ii. An acceptance faxed the day before the ten-day period expires that reaches the offeror on the eleventh day, due to a malfunction of the offeror's printer.a. I onlyb. II onlyc. Both I and IId. Neither I nor II.

Answer 1

Answer:

The correct answer is letter "C": Both I and II.

Explanation:

The Uniform Commercial Code (UCC) is a set of rules that guide the parameters for fair commercial transactions within the fifty states of the U.S.A. Acceptance of an offer is legitimate under the UCC Sales Article when sent using a valid method. In that sense, option "C" is right as both acceptances (I and II) have been sent before the end of the ten-days term.