Question 2 2 pts Which of the following is true of a rm offer? O It occurs when parties intend to be bound by a contract, but fail to mention the price. O It occurs when a seller agrees to sell all it can produce to a particular buyer. O It occurs when a merchant promises to hold an offer open without any consideration. O It occurs when a buyer agrees to buy all its requirements from a particular seller. Question 3 2 pts Which of the following is true of a shipment contract? O The seller must put the goods in the possession of the carrier. O The seller must tender the delivery of goods to the buyer. O The seller offers to turn the goods to the buyer, and the buyer offers to pay for them. O The seller tenders the delivery of goods to the ca rrier, along with the document title. Question 16 2 pts The Uniform Electronic Transactions Act (U ETA): makes it a misdemeanor to use electronic agents. \\, \\ makes it a felony to use electronic agents. , \\ bans electronic agents for business transactions. / x / legitimizes the use of electronic agents. / D Question 20 2 pts Carlos instructs his sales agent, Edgar, not to sell on credit to Andrew because Carlos has experienced problems collecting from Andrew for prior purchases. Edgar sells on credit to Andrew, who pays properly. Has Edgar violated any obligation to Carlos? O No, Edgar has not violated any obligation since Andrew paid properly. Yes, Edgar has violated the duty to exercise reasonable judgment. No, Edgar has not violated any obligation, since Edgar did not evaluate Andrew's credit worthiness correctly. Yes, Edgar has violated the duty to obey all instructions of the principal