Exam 9: Offer and Acceptance

Shelby offers to make digital copies of Reliable Company's business conference videotapes, CDs, DVDs, and other media for $500. Under the mailbox rule, Reliable's acceptance by e-mail will be considered effective when

Rejection of an offer is usually effective only when it is actually received.

Fresh Service, Inc., offers to deliver produce to Growers' Market's customers for a certain price. Fresh's intent to extend a serious offer to Growers' Market is determined by reference to Fresh's

A counteroffer gives the original offeror (now the offeree) the power of acceptance.

If the offeror does not expressly specify a certain mode of acceptance, then acceptance can be made by any means, regardless of  reasonableness.

The first requirement for an effective offer is a pair of disinterested parties.

An offer terminates automatically when the period of time specified in the offer has passed.

Jan offers to sell a crate of cookbooks to Kurt. No time for acceptance is specified in the offer. A reasonable period of time for termination of the offer is determined by

Domestic Gas Company offers to sell Energy Ltd. a certain quantity of liquefied natural gas. If Energy sends an acceptance via Domestic's authorized mode of communication, it will be effective when it is

Gayle tells Franco that she will pay him $50 to haul lawn debris from her property. Franco's acceptance is complete

On May 1 Ralph offers to cure and smoke Sam's pork. On May 3 Ralph mails Sam a letter revoking the offer. Sam receives the letter on May 5 and responds on May 6. Ralph's revocation of the offer became effective on

Once an invitation to bid is made, contractors who respond to those bids are making offers.

Acceptance of an e-contract must show that the offeree voluntarily assented to the offer's terms .

Barrett files a suit against City Moving Service for breach of contract, based on what Barrett claims was City's offer. For a court to determine if a contract has been breached and to give an appropriate remedy, the offer must include terms that are

Rich, an auctioneer, puts a sailboat up for auction. Rich is

Paolo offers to sell a truckload of fresh vegetables to Quality Market. No time for acceptance is specified in the offer. A reasonable period of time for termination of the offer is determined by

A price list is usually considered an invitation to negotiate or trade.

In a unilateral contract, communication of acceptance is necessary.

Simone offers Tom a dozen piano lessons for a certain price per lesson but conditions the deal on Tom accepting the offer by April 1. Simone may revoke the offer

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