NH Bar Practice Questions - New Hampshire Bar Examination (UBE) Exam

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A merchant sends a signed writing offering to sell goods and promising to hold the offer open for 60 days. Under UCC § 2-205, the offer:

Is revocable at any time because no consideration was paid Is irrevocable for the stated time, but in no event longer than three months, as a firm offer Must be held open for the full 60 days regardless of any statutory cap Is unenforceable because firm offers are not recognized under the UCC

Correct Answer:

Is irrevocable for the stated time, but in no event longer than three months, as a firm offer

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