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UCC Contract Law: Requirements

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

According to the UCC's Article 2, what are the requirements for making a sales contract?

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1. Under the UCC, an offer is _____.

2. Under the UCC, an acceptance is achieved _____.

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About This Quiz & Worksheet

Taking a look at what governs our sales transactions, this quiz and corresponding worksheet will help you gauge your knowledge of offer and acceptance under the Uniform Commercial Code (UCC). Topics you'll need to know to pass the quiz include understanding the requirements for making a sales contract under UCC's Article Two as well as knowing what an offer is.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review:

  • Requirements for a sales contract
  • Definition of an offer
  • When an acceptance is achieved
  • When terms don't become part of a contract
  • UCC problem

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Interpreting information - verify you can read information regarding when an acceptance is achieved and interpret it correctly
  • Problem solving - use acquired knowledge to solve UCC problems
  • Reading comprehension - ensure that you draw the most important information from the related UCC lesson

Additional Learning

To learn more about how to make a correct offer to someone, review the corresponding lesson UCC Contract Law: Requirements. This lesson will help you:

  • Understand what the UCC is
  • Identify the functions of Article 2 of the UCC
  • Describe how to understand an offer when it's not specifically defined in the UCC
  • Explain how an acceptance can be rightfully achieved
  • Appreciate what happens when terms materially alter an offer
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