Multiple Questions Answers

Question 1
UCC Section 2-205 provides that all firm offers are irrevocable for three months.
TRUE
FALSE

Question 2
Sam's price quote written on his company's letterhead satisfies the UCC Section 2-205 requirement that a firm offer must be made in a signed writing.
TRUE
FALSE

Question 3
By submitting a bid to Fred for the construction project, Bill accepted Sam's offer.
TRUE
FALSE

Question 4
Revocation of a Firm Offer must be communicated in writing to the buyer.
TRUE
FALSE