The UCC rule says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or if no time is stated, for a reasonable time is referred to as the <u>Firm Offer Rule.</u>
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<h3><u>A Firm Offer: What Is It?</u></h3>
When goods are sold, a firm offer is deemed to have been made when a guarantee to keep the offer open has been signed and the selling merchant meets the requirements for a merchant under the Uniform Commercial Code. Customers frequently ask for a definite offer so they can be certain of their cost over a predetermined period of time. A lot of retailers also request definite offers from their suppliers. Firm offers have a number of benefits, but there is a chance that things could change and the original offer would no longer be appropriate.
For instance, you might not be able to maintain the price you initially proposed due to rising raw material costs or running out of stock.
Only the time period specified in the offer is valid for firm offers. If the offer does not include a deadline, it will be valid for a maximum of three months.
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Answer:
The correct answer is the second option: Extensive training and careful precautions are necessary to avoid accidents, injuries and illness.
Explanation:
To begin with, all of the other options are describing the fact that the laws that regulate the workplace environment are no necessary or state that are enough. That is why that in the option chosen it is stated that it is absolutely necessary to have extensive training in the areas of work, specially those who are danger, and to take precautions around all so that the accidents can be prevented and the injuries will no happen as well as the illnesses. Therefore that the right to a safe workplace is accurately described by that statement.
Answer:
The correct answer is letter "B": specialty goods.
Explanation:
Specialty goods are those for which buyers can make a special offer to acquire them based on special features the good has and brand recognition that makes it unique. <em>Luxury cars, cultural ornaments, </em>and <em>high-fashion clothing</em> are examples of specialty goods.
Answer:
The amount of total interest over the entire mortgage period could she save by financing her home with the 15-year mortgage is $138,612
Explanation:
First find the total interest on the 30-year mortgage:
PV = 195,000
N = 360
FV = 0
I = 6.1/12 = 0.5083
195,000 = PMT × PVIFA (0.061/12, 360 months); (in excel)
PMT of 1,181.69 × 360 = 230,408;
Next find the total interest on the 15-year mortgage:
PV = 195,000
N = 180
FV = 0
I = 5.5/12 = 0.4583
195,000 = PMT × PVIFA (0.055/12, 180 months); (in excel)
PMT of 1,593.31 × 180 = 91,796;
The amount of interest saved is: $230,408.34 − $91,796.29 = $138,612.05
