Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 28, 2024

If Marty cannot successfully sues Sam for violating the Firm Offer Rule, which of these statement is likely true? The Firm Offer Rule didn't apply

If Marty cannot successfully sues Sam for violating the Firm Offer Rule, which of these statement is likely true?

The Firm Offer Rule didn't apply because Sam was not a merchant

The Firm Offer Rule won't apply because there was nothing in writing

The Firm Offer Rule won't apply because Marty operates a tour company which is a service and not a good under the UCC.

The Firm Offer Rule would only apply if both Sam and Marty are merchants under the UCC.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Logistics And Supply Chains In Emerging Markets

Authors: John Manners Bell, Thomas Cullen, Cathy Roberson

1st Edition

0749472405, 978-0749472405

More Books

Students also viewed these General Management questions

Question

★★★★★

Write a Matlab function to price an European call.

Answered: 1 week ago

Question

★★★★★

2 Can other companies learn anything from Citigroup or is the company so different from others that no useful conclusions can be drawn?

Answered: 1 week ago

Question

★★★★★

1 When it comes to cell phones for kids, who is the cus- tomer? Discuss the dynamics of the decision to buy a cell phone for a young child.

Answered: 1 week ago

Question

★★★★★

The following are independent situations for which you will recommend an appropriate auditors report: 1. Subsequent to the date of the financial statements as part of the post-balance sheet date...

Answered: 1 week ago

Question

★★★★★

If Marty cannot successfully sues Sam for violating the Firm Offer Rule, which of these statement is likely true? The Firm Offer Rule didn't apply because Sam was not a merchant The Firm Offer Rule...

Answered: 1 week ago

Question

★★★★★

Hello, Can you please assist me with this question as follows: Takhini Hot Springs Company has an old machine that is fully depreciated but has a current salvage value of $5,000. The company wants to...

Answered: 1 week ago

Question

★★★★★

Req, 1. Comparative income statement Regular sales Accept special order (Regular SP not affected) 180,000 units (P21) Accept special order (Regular SP Reject special affected) order 180,000 units...

Answered: 1 week ago

Question

★★★★★

Question 1: 1. Analyze article titled "Theoretical Perspectives on Sustainability Reporting: A Literature Review" using this link...

Answered: 1 week ago

Question

★★★★★

Mike owns all shares of Dogget, Inc., and he is a 40% shareholder of Thinkers, Inc., both S corporations. During the current tax year, Dogget had $3,000,000 in net business income and purchased...

Answered: 1 week ago

Question

★★★★★

Danielle Corporation uses job order cost accumulation Manufacturing-related costs for November, 2018 were: Work in process, Nov. 1 (Job 50)............ .....P108,000 procedures Materials and supplies...

Answered: 1 week ago

Question

★★★★★

After completing her first year of operations, Penny Cassidy used a number of ratios to evaluate the performance of Penny's Pool Service & Supply, Inc. She was particularly interested in the effects...

Answered: 1 week ago

Previous Question Next Question