What is an example of a merchant's firm offer?

Question

I understand the definition but to better recognize the concept I need some examples.

Answer 1

Usually, a merchant's firm offer is in reference to the UCC (Uniform Commerical Code). Basically, if a merchant offers to buy or sell something in writing with an authenticating mark (e.g. a signature) - then it is a binding agreement that has to be honored.

Here's the example.

Crooked Al's Used Car Lot offers to sell you a 1978 AMC Gremlin (primer grey with an 8-track) for US$6000. Now Al is of course crooked, or why else would they call him that. He tries to cheat you by secretly putting the price on the contract to $7000, while verbally telling you it is still $6000. But being dumber than he is crooked, he accidentally leaves off a zero on the contract and puts down $700. Al signs the contract.

Al is required to sell you the car for $700 because it is a) above US$500, b) on a written contract, c) signed and d) an offer to buy/sell goods/services.

Answer 2

This Site Might Help You.

RE:
What is an example of a merchant's firm offer?
I understand the definition but to better recognize the concept I need some examples.

Answer 3

1