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A firm offer under the UCC contains the following essential elements and is complete in...

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Accounting

  1. A firm offer under the UCC contains the following essential elements and is complete in this respect: an offer or promise to buy or sell goods; signed writing; assurance that it will be held open.
  2. The UCC Statute of Limitations requires a mandatory two-year period.
  3. What are the normal terms for delivery in a sales contract? That is, who normally is responsible for paying for freight and insurance?
  4. Under what circumstances can a court supply a price in a contract?

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