Question 1

Under the mailbox rule,an acceptance takes effect at the time it is sent.

Accepted Answer

A) True 
 B)False

Question 2

An acceptance sent by means not expressly or impliedly authorized is not effective until it is received.

Accepted Answer

A) True 
 B)False

Question 3

A counteroffer is a rejection of the original offer and the simultaneous making of a new offer.

Accepted Answer

A) True 
 B)False

Question 4

An agreement is evidenced by one event: an offer.

Accepted Answer

A) True 
 B)False

Question 5

Mary admires Julia's collection of scarves.Julia says "I might sell you a few someday,if I get tired of them." Julia's statement is​

Accepted Answer

A)  ​an effective offer. 
B)  ​not an effective offer because it has not been communicated to Mary. 
C)  ​not an effective offer because the Julia does not show a serious intent to be bound. 
D)  ​an acceptance. 
A)  ​an effective offer. 
B)  ​not an effective offer because it has not been communicated to Mary. 
C)  ​not an effective offer because the Julia does not show a serious intent to be bound. 
D)  ​an acceptance.

Question 6

An offer made in obvious anger is still an effective offer.

Accepted Answer

A) True 
 B)False

Question 7

The first requirement for an effective offer is a serious intent on the part of the offeror.

Accepted Answer

A) True 
 B)False

Question 8

An acceptance can impose new conditions or change the terms of the original offer without rejecting it.

Accepted Answer

A) True 
 B)False

Question 9

Naomi tells Ogden,who has no knowledge of Shakespearean comedy,that she will tutor him in the subject for $50.As an offer,this is​

Accepted Answer

A)  ​effective. 
B)  ​not effective because comedy is not a serious subject. 
C)  ​not effective because Naomi's tutoring will be subjective. 
D)  ​not effective because Ogden has no knowledge of the subject. 
A)  ​effective. 
B)  ​not effective because comedy is not a serious subject. 
C)  ​not effective because Naomi's tutoring will be subjective. 
D)  ​not effective because Ogden has no knowledge of the subject.

Question 10

Liz offers to sell Jock her iPad for $500 without any accessories.Under the mirror image rule,Jock's response will be considered an acceptance if the terms of the acceptance​

Accepted Answer

A)  ​exactly mirror those of the offer. 
B)  ​change the items offered, but do not change the price. 
C)  ​change the price, but do not change the items offered. 
D)  ​change both the price and the items offered. 
A)  ​exactly mirror those of the offer. 
B)  ​change the items offered, but do not change the price. 
C)  ​change the price, but do not change the items offered. 
D)  ​change both the price and the items offered.

Question 11

In an auction,a bidder is an offeree.

Accepted Answer

A) True 
 B)False

Question 12

An e-contract must meet basic requirements that are different from those required of a paper contract.

Accepted Answer

A) True 
 B)False

Question 13

Ricci,a user of SmartPhoneApps.com's Web site,can download apps for free if she first clicks on "I accept" after viewing certain terms.This is​

Accepted Answer

A)  ​a contract that does not include the terms. 
B)  ​a contract that includes the terms. 
C)  ​not a contract but the terms are enforceable. 
D)  ​unenforceable. 
A)  ​a contract that does not include the terms. 
B)  ​a contract that includes the terms. 
C)  ​not a contract but the terms are enforceable. 
D)  ​unenforceable.

Question 14

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

Accepted Answer

A)  ​exactly precise. 
B)  ​reasonably definite. 
C)  ​unequivocally approximate. 
D)  ​vague or uncertain. 
A)  ​exactly precise. 
B)  ​reasonably definite. 
C)  ​unequivocally approximate. 
D)  ​vague or uncertain.

Question 15

Pastry Dough,Inc.,sends its catalogue to Octavio and includes a "personalized" letter inviting him to buy any item in it at the advertised price.This is​

Accepted Answer

A)  ​an offer because of the "personalized" letter. 
B)  ​an offer because there is no room for price negotiation. 
C)  ​an offer only if Octavio previously bought items from Pastry Dough. 
D)  ​not an offer. 
A)  ​an offer because of the "personalized" letter. 
B)  ​an offer because there is no room for price negotiation. 
C)  ​an offer only if Octavio previously bought items from Pastry Dough. 
D)  ​not an offer.

Question 16

No offer can be accepted by silence.

Accepted Answer

A) True 
 B)False

Question 17

If no time for acceptance is specified in an offer,the offer terminates after a reasonable length of time.

Accepted Answer

A) True 
 B)False

Question 18

An acceptance must be unequivocal.

Accepted Answer

A) True 
 B)False

Question 19

Fresh Fast 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​

Accepted Answer

A)  ​assumptions. 
B)  ​beliefs. 
C)  ​intentions. 
D)  ​words and conduct. 
A)  ​assumptions. 
B)  ​beliefs. 
C)  ​intentions. 
D)  ​words and conduct.

Question 20

An expression of opinion-"this is excellent"-is an offer.

Accepted Answer

A) True 
 B)False

Exam 10: Offer and Acceptance

Under the mailbox rule,an acceptance takes effect at the time it is sent.

An acceptance sent by means not expressly or impliedly authorized is not effective until it is received.

A counteroffer is a rejection of the original offer and the simultaneous making of a new offer.

An agreement is evidenced by one event: an offer.

Mary admires Julia's collection of scarves.Julia says "I might sell you a few someday,if I get tired of them." Julia's statement is​

An offer made in obvious anger is still an effective offer.

The first requirement for an effective offer is a serious intent on the part of the offeror.

An acceptance can impose new conditions or change the terms of the original offer without rejecting it.

Naomi tells Ogden,who has no knowledge of Shakespearean comedy,that she will tutor him in the subject for $50.As an offer,this is​

Liz offers to sell Jock her iPad for $500 without any accessories.Under the mirror image rule,Jock's response will be considered an acceptance if the terms of the acceptance​

In an auction,a bidder is an offeree.

An e-contract must meet basic requirements that are different from those required of a paper contract.

Ricci,a user of SmartPhoneApps.com's Web site,can download apps for free if she first clicks on "I accept" after viewing certain terms.This is​

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

Pastry Dough,Inc.,sends its catalogue to Octavio and includes a "personalized" letter inviting him to buy any item in it at the advertised price.This is​

No offer can be accepted by silence.

If no time for acceptance is specified in an offer,the offer terminates after a reasonable length of time.

An acceptance must be unequivocal.

Fresh Fast 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​

An expression of opinion-"this is excellent"-is an offer.

Introduction to the Law and Our Legal System

Ethics in Business

The Courts and Alternative Dispute Resolution

Constitutional Law

Tort Law

Intellectual Property

Internet Law, social Media, and Privacy

Criminal Law and Cyber Crime

Introduction to Contracts

Consideration

Capacity

The Legality of Agreements

Voluntary Consent

Written Contracts

Third Party Rights

Contract Discharge and Remedies

Introduction to Sales and Lease Contracts

Title and Risk of Loss

Performance and Breach

Warranties and Product Liability

Consumer Protection

The Essentials of Negotiability

Transferability and Liability

Checks and Banking in the Digital Age

Agency

Employment, immigration, and Labor Law

Employment Discrimination

Sole Proprietorships, partnerships, and Limited Liability Companies

Formation and Termination of a Corporation

Management and Ownership of a Corporation

Secured Transactions

Creditors Rights and Remedies

Bankruptcy

Insurance

Personal Property and Bailments

Real Property

Landlord and Tenant Law

Wills and Trusts

Administrative Law

Antitrust Law

International Law

Filters

Mary admires Julia's collection of scarves.Julia says "I might sell you a few someday,if I get tired of them." Julia's statement is

Naomi tells Ogden,who has no knowledge of Shakespearean comedy,that she will tutor him in the subject for $50.As an offer,this is

Liz offers to sell Jock her iPad for $500 without any accessories.Under the mirror image rule,Jock's response will be considered an acceptance if the terms of the acceptance

Ricci,a user of SmartPhoneApps.com's Web site,can download apps for free if she first clicks on "I accept" after viewing certain terms.This is

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

Pastry Dough,Inc.,sends its catalogue to Octavio and includes a "personalized" letter inviting him to buy any item in it at the advertised price.This is

Fresh Fast 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