A firm offer is an offer made in writing by a merchant that will be irrevocable for a period not longer than ________

A firm offer is defined under the Uniform Commercial Code (UCC) and applies specifically to merchants. According to UCC Section 2-205, a firm offer made by a merchant is an offer that is:

1. Made in writing;
2. Signed by the offeror (the merchant);
3. Stating by its terms that it will be held open; Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.