A) Irrevocable
B) Adhesion
C) Option
D) Clear
E) Explicit
G) A) and D)
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C
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A) The contract is binding.
B) The contract is not binding because it illegally attempts to enforce acceptance by silence.
C) The contract is not binding unless Trudy pays for at least one month's supply of books thereby indicating her intent to be bound.
D) The contract is not binding because transmittal using electronics is involved.
E) The contract is binding but only if the parties have extensive previous dealings whereby acceptance by silence became an accepted form of business.
G) A) and C)
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A) Reasonably definite terms.
B) Communication to the offeree.
C) A written document setting forth offer terms.
D) Intent by the offeror to be bound by an agreement.
E) Serious intent by the offeror.
G) A) and B)
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A) A bilateral offer
B) An acceptance
C) A cross offer
D) A counteroffer
E) A revocation
G) A) and C)
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A) Ten days.
B) Seven days.
C) Forty-eight hours.
D) Forty-five days.
E) There is no set amount of time,and what constitutes a reasonable amount of time varies depending upon the subject matter of the offer.
G) A) and B)
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A) If no means of communicating the acceptance is specified,any reasonable means is generally acceptable.
B) If no means of communicating an acceptance is specified in an offer,acceptance must be done through the U.S.mail system.
C) If no means of communicating an acceptance is specified in an offer,acceptance must be done either in person or through telephone communication.
D) If no means of communicating an acceptance is specified in an offer,acceptance must be done either through U.S.mail or through e-mail.
E) If no means of communicating an acceptance is specified in an offer,acceptance must be done either through the U.S.mail or through fax transmittal.
G) C) and D)
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A
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A) Jada can avoid the creation of a contract only if she can prove by preponderance of the evidence that she did not hear about the offer before the stated expiration time.
B) There can be no contract because the offer was not made in person.
C) There is no contract because in this situation silence cannot be used to form a contract.
D) Jada can avoid the creation of a contract only if she can prove beyond a reasonable doubt that she did not hear about the offer before the stated expiration time.
E) There can be no contract because the offer was not made in writing.
G) A) and E)
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A) Without controls
B) With controls
C) Without reserve
D) Without qualifications
E) With reserve
G) C) and D)
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An option contract prevents re...View Answer
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A) The plaintiff did not prevail because the jet was unobtainable as a military aircraft.
B) The plaintiff prevailed,and Pepsi had to sell the jet as offered because Pepsi failed to specifically reserve details of the offer to a separate writing.
C) The plaintiff prevailed,and Pepsi had to sell the jet as offered because Pepsi's advertisement was considered an offer which the plaintiff validly accepted.
D) The plaintiff did not prevail because Pepsi reserved the details of the offer to a separate writing,and Pepsi had the authority to reject the plaintiff's offer to purchase.
E) The plaintiff prevailed,and Pepsi had to provide the jet as offered because Pepsi did not revoke the offer soon enough.
G) None of the above
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A) Isaiah is not in breach of contract because of destruction of the subject matter.
B) Isaiah is in breach of contract and must pay Haley damages because she accepted before he could tell her about the fire.
C) Isaiah is not in breach of contract because the offer was not sufficiently definite.
D) Isaiah is in breach of contract and must purchase a similar watercraft to transfer to Haley.
E) Isaiah is not in breach of contract because an insufficient material term involving who would move the watercraft was omitted.
G) C) and D)
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A) The offer was no longer outstanding because of the rejection.
B) The acceptance was invalid because the mailbox rule requires that the time of payment be specifically set forth before an acceptance is formalized.
C) Daniel validly accepted,but his acceptance was revoked when Mari received the rejection.
D) Daniel could not accept verbally.
E) The acceptance is valid,and the rejection has no effect.
G) A) and B)
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A) Revocation,acceptance,counteroffer,illegality,lapse of time.
B) Rejection,counteroffer,illegality,acceptance,adhesion,lapse of time,bilateral termination
C) Revocation,adhesion,unilateral termination,bilateral termination.
D) Unilateral termination,bilateral termination,illegality,incapacity,and acceptance.
E) Revocation,rejection,counteroffer,illegality,death,incapacity,and lapse of time.
G) A) and B)
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A) The Japanese have a preference for flexible contracts.
B) The Japanese do not desire that any terms be left to be decided later.
C) The Japanese tend to view contracts as ongoing relationships.
D) The Japanese tend to view contracts as relationships in which parties work with each other to smooth out any problems that arise in performance.
E) The Japanese tend to be suspicious of long,detailed contracts.
G) C) and E)
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A) Online businesses generally make links to online disclosures very easy for consumers to find.
B) Online businesses always give full disclosure of terms about products before payment conconst
C) Online businesses never make disclosures to consumers about product terms.
D) Online businesses commonly refrain from giving full disclosure of terms about a product until they receive a customer's payment information.
E) Online businesses are required to make full disclosures easily accessible to consumers before collecting payment information.
G) A) and D)
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A) Illegality or lapse of time
B) Death or incapacity of the offeror or illegality
C) Revocation and death or incapacity of the offeror
D) Revocation
E) Revocation and rejection
G) D) and E)
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B
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B) False
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B) False
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A) Steve will win because bids made at an auction may be revoked at any time within one day after the auction.
B) Steve will win because bids made at an auction may be revoked at any time within ten days after the auction.
C) Randy will win because Steve had no right to revoke the bid.
D) Steve will win because bids made at an auction may be revoked at any time within five days after the auction.
E) Steve will win because he properly revoked his bid before it was accepted.
G) D) and E)
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Termination of an offer can occur in one...View Answer
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