Exam 9: Offer and Acceptance

Luke puts his motorcycle up for sale via a post on an online auction site. This is

An "offer" to sell an item on an online auction site generally is treated an invitation to negotiate.

Acceptance is timely if it is effective before the offer is terminated.

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

Megan gives out a business card with an e-mail address on it. It is reasonable to infer that Megan has consented to

Larry advertises a reward for the return of his lost dog. Miguel does not learn of the reward, but nevertheless finds and returns the dog. With respect to Miguel, Larry's ad is not an offer because it lacks the element of

Pastries Inc. sends Rollo its catalogue showcasing a variety of baked goods for certain prices. This is

An offer must be communicated to the offeree to become effective.

Charter Company offers to provide an air-conditioned bus to Denny's tour group for $1,500 plus the cost of the fuel. The mailbox rule applies if Denny accepts the offer by

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

Glen offers to sell Helen his iPad for $200. Under the mirror image rule, Helen's response will be considered an acceptance if the terms of the acceptance

The U.S. Department of Justice needs to have construction work done on a federal courthouse. The agency asks contractors to submit bids. This is

Rhonda asks Steve, "Do you want to hire me to repair your fishing net?" This is

An invitation to submit bids is an offer.

An ad on the NewsNow website asks viewers to "send us your story and we might share it with the world." Ollie submits a manuscript, adding, "I accept your offer." Between NewsNow and Ollie, there is

Fabien offers to sell his Graphic Signs LLC business to Hanna for $100,000. Hanna replies, "The price is too high. I will buy it for $75,000." Hanna has

The use of a substitute method of acceptance is not effective on dispatch.

An offer requires a serious intent to be bound by the terms of the offer.

An agreement exists when one party makes an offer to another party.

Idina admires Jules's collection of guitars. She asks, "Will you sell it?" This statement is