23 окт. 2020 г. · A firm offer requires a writing signed by a merchant, but it does not require any consideration. And the offer is firm for three months or a shorter time if ...

21 дек. 2017 г. · The offer is enforceable if relied upon, the option contract is enforceable no matter what.

21 февр. 2022 г. · UCC: Good Faith and a writing — firm offer is the UCC equivalent of an options contract.

7 июл. 2022 г. · Not correct to think of a firm offer as an option K. Firm offers arise only under the UCC, they do not require consideration and only require ...

15 сент. 2024 г. · He mentions that under the UCC, it's called a firm offer. So, does that mean option contracts only apply under common law? But if selling a car ...

14 июн. 2024 г. · A firm offer is NOT an option contract, but it is similar (particularly here). A firm offer can only be made by a merchant, only for up to the ...

25 июл. 2024 г. · The contract is governed by the UCC if a UCC rule is applicable. Where no UCC rule applies, the common law governs the contract.

11 дек. 2014 г. · Think of an option contract as a contract, for consideration, to hold an offer open for a period of time. When the option is exercised, the open ...

3 дек. 2018 г. · I know that an options contract, unlike a firm offer, requires consideration. However, I was curious if the option only becomes effective ...

5 февр. 2022 г. · An option contract where you pay someone to keep the option to accept open isn't a firm offer. That's just an option contract. If you couldn't ...