Under the Uniform Commercial Code (UCC), an acceptance is effective upon: Blank______.Multiple choice question.ratificationreceiptdispatchacknowledgement

Understanding the UCC Acceptance

Under the Uniform Commercial Code (UCC), the effectiveness of an acceptance is a key concept in contract law.

1. Definitions of Provided Options:

   • Ratification: Confirming or validating a prior act, usually applies to contracts entered into without authority.
   • Receipt: Acknowledgment of something received, generally does not pertain to the acceptance of a contract offer.
   • Dispatch: The action of sending off something to a destination, often associated with sending acceptance.
   • Acknowledgment: Confirming the receipt of something but does not specifically indicate acceptance of an offer.

2. UCC Acceptance Rule: According to UCC § 2-206, an acceptance generally becomes effective when dispatched, unless the offer specifies a different method of acceptance.

Final Answer

The correct answer is dispatch.