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On January 1, 2020, the President of Nabisco sends a signed letter to the CEO of the Mars Candy Company offering to sell a cookie
On January 1, 2020, the President of Nabisco sends a signed letter to the CEO of the Mars Candy Company offering to sell a cookie factory (building and fixtures) and the property on which the factory is located in Chicago to the Mars Candy Company for the price of $750,000. The letter contains all other essential terms and says that the offer will remain open until August 1, 2020. Which of the following is true? (Remember the first question you should always answer when analyzing a contracts question!) Group of answer choices The offer is a firm offer under the UCC and will only be irrevocable for 90 days. The offer is an enforceable option contract, irrevocable until August 1, 2020. The offer is a firm offer under the UCC because it is between merchants and in writing and signed by the President of Nabisco. The offer may be revoked by the President of Nabisco at any time prior to acceptance by the CEO of Mars Candy Company
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