Under Article 2 of the UCC, a merchant's firm offer:
a. requires a signed writing by the offeror that the offer will remain open for a given period b. is irrevocable if stated in writing that it remains open for a given time
c. stays open for a time not to exceed 3 months, if no other period of time is stated in the offer d. does not require consideration to be irrevocable
e. all of the other choices
Question 2
Which of the following is true of a trade secret:
a. it is known by the competition b. it is copyrighted
c. the owner has taken reasonable steps to protect the secret from disclosure d. all of the other specific choices are correct
e. none of the other specific choices are correct
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The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
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