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Under the Uniform Commercial Code (UCC), an offer is a proposal made by one party to enter into a contract with specific terms that indicate the intention to create a legal obligation upon acceptance. The offer must be communicated clearly and include essential terms such as quantity and price, although not every term needs to be specified for a valid contract to exist. Once an offer is made, it can be accepted, rejected, or revoked before acceptance, and it remains open for a reasonable period unless specified otherwise. The UCC fosters flexibility in commercial transactions, allowing for the formation of contracts even with some terms left open for future negotiation.

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