Which of the following basic requirements must be met for an offer to sell goods to be a firm offer?
A) It must contain assurances that it will be revocable.
B) The offeror must be a merchant.
C) It must have been made orally.
D) The outer limit on the period of irrevocability for firm offers must be 10 months.

Question

Quizplus · Accepted Answer

For an offer to sell goods to be a firm offer, it must meet three basic requirements: 1. It must have been made in a signed writing (no oral firm offers). 2. The offeror must be a merchant. 3. It must contain assurances that it will be held open (some indication that it will not be revoked).

Which of the Following Basic Requirements Must Be Met for an Offer