Asked by David Plata on May 26, 2024
Verified
Which of the following is true regarding the mirror-image rule and the Uniform Commercial Code?
A) The mirror-image rule applies under the UCC the same as it applies under common law.
B) The mirror-image rule that applies under common law does not apply under the UCC.
C) The mirror-image rule that applies under the common law applies under the UCC only if a lease is involved.
D) The mirror-image rule that applies under the common law applies under the UCC only if a sale of goods is involved.
E) The mirror-image rule does not apply under the UCC.
Mirror-Image Rule
is a principle in contract law stating that an offer must be accepted exactly without modifications; any changes constitute a counteroffer.
Uniform Commercial Code
A thorough aggregation of legal provisions steering all commercial operations throughout the United States.
Common Law
A legal system based on precedents and judicial decisions rather than statutory laws.
- Acknowledge the role of common law and UCC provisions in sales contracts, focusing on the notions of insurable interest and unconscionability.
Verified Answer
JF
Jacob FloreyMay 31, 2024
Final Answer :
B
Explanation :
The mirror-image rule that applies under common law does not apply under the Uniform Commercial Code.Under common law,the mirror-image rule states that an offeree's acceptance must be on the exact terms of the offer.If the acceptance includes additional terms,the acceptance becomes a counteroffer instead of an acceptance.Under the UCC,additional terms are permitted in contracts for the sale or lease of goods.Under UCC Section 2-207(1),additional terms do not negate acceptance unless acceptance is made expressly conditional on assent to the additional terms.
Learning Objectives
- Acknowledge the role of common law and UCC provisions in sales contracts, focusing on the notions of insurable interest and unconscionability.
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