<P> If the acceptance form does not expressly limit acceptance to its own terms, and both parties are merchants, offeror's acceptance of offeree's performance, though offeree's forms contain additional or different terms, forms a contract . At this point, if offeree's terms cannot coexist with offeror's terms, both terms are "knocked out" and UCC gap - fillers step in . If offeree's terms are simply additional, they will be considered part of the contract unless (a) the offeror expressly limits acceptance to the terms of the original offer, (b) the new terms materially alter the original offer or (c) notification of objection to the new terms has already been given or is given within a reasonable time after they are promulgated by the offeree . </P> <P> Because of the massive confusion engendered by Section 2 - 207, a revised version was promulgated in 2003, but the revision has never been enacted by any state . </P> <P> The ownership of securities is governed by Article 8 of the Uniform Commercial Code (UCC). This Article 8, a text of about thirty pages, underwent important recasting in 1994 . That update of the UCC treats the majority of the transfers of dematerialized securities as mere reflections of their respective initial issue registered by the two American central securities depositories, respectively the Depository Trust Company (DTC) for the securities issued by corporations and the Federal reserve for the securities issued by the Treasury Department . In this centralised system, the title transfer of the securities does not take place at the time of the registration on the account of the investor, but within the systems managed by the DTC or by the Federal reserve . </P> <P> This centralization is not accompanied by a centralized register of the investors / owners of the securities, such as the systems established in Sweden and in Finland (so - called "transparent systems"). Neither the DTC nor the Federal Reserve hold an individual register of the transfers of property . The consequence for an investor is that proving ownership of its securities relies entirely on the accurate replication of the transfer recorded by the DTC and FED at the lower tiers of the holding chain of the securities . </P>

Which of the following would not be subject to the writing requirements of article 2 of the ucc