Uniform Commercial Code

Watch the following video and answer the following questions:

1) What is the Uniform Commercial Code (UCC)?

2) Is the UCC binding in every jurisdiction?

3) What is the firm offer rule? Give an example.

4)What is the mirror image rule?

5) What is the gap filler rule?

6) What is the risk of loss?

Give an example of when the risk of loss passes to the buyer?

Respond to at least one classmate.