The president of Deal Corporation wrote to Boyd, offering to sell the Deal factory for $300,000. The offer was sent by Deal on June 5 and was received by Boyd on June 9. The offer stated it would remain open until December 20. The offer: a. Is a firm offer under the UCC but will be irrevocable for only three months. b. May be revoked by Deal any time prior to Boyd's acceptance. c. Constitutes an enforceable option.
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Home » Business » The president of Deal Corporation wrote to Boyd, offering to sell the Deal factory for $300,000. The offer was sent by Deal on June 5 and was received by Boyd on June 9. The offer stated it would remain open until December 20. The offer: a.