Exam 12: Agreement

An offer must express reasonably definite terms to be effective-no term may be reasonably inferred.

Fresh Agro Inc. offers to deliver produce to Growers' Market for a certain price. Fresh's intent to extend an offer is determined by reference to Fresh's

The offeree must accept the offer without adding or changing any terms.

An expression of opinion can indicate an intent to enter into a binding agreement.

An offer must be expressed in plain language to be effective.

Acceptance of an offer by a method not authorized by the offeror renders the offer invalid.

Merely inquiring about an offer constitutes rejection.

Vida, a user of phone-app.com's website, can download apps for free by first clicking on "I accept" after viewing certain terms. This is

An offer can be accepted by the offeree or any third party.

For a court to determine if a contract has been breached and to give an appropriate remedy, the offer must include terms that are at least

Hometown Bank posts on its website an offer of a reward for information leading to the apprehension of a certain criminal. This offer could normally be terminated by

Two disinterested parties are required for an offer to be effective.

Coffee Beans Inc. offers to buy Brewing Company's roasting services for a certain price. Brewing responds that the price is too low and thereby rejects the offer. The offer is

Pye tries to start his car with no success. He yells that he will sell the car to anyone for $10. Qua, a passerby, hears Pye's yell. This is not an effective offer because it lacks

On December 1, Petroleum Inc. sent Quito & Rosa (Q&R)a letter, via overnight delivery, offering to employ Q&R to review Petroleum's tax situation for the current year for $10,000. In the letter, the company stated that Q&R had ten days to accept. On December 5, Q&R sent an e-mail message that stated, "The price for the tax analysis seems too low. Would you consider paying $15,000?" Petroleum received the message without responding immediately. The next day, Smith & Taylor, a Q&R competitor, offered to conduct the appraisal for $8,000. On learning of this offer, Q&R immediately e-mailed Petroleum, agreeing to do the work for $10,000. Petroleum received this message on December 7. Explain why Q&R and Petroleum do, or do not, have a contract.

One element necessary for an effective offer is the offeror's good faith belief in its reasonableness.

Bo admires Cid's collection of coins. Bo asks, "Will you sell it?" This statement is

Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer

Lon says to Misty, "I would like to sell you my sofa." This statement is

Rena asks Sully, "Do you want to pay me to repair your forklift?" This is