Exam 10: Offer and Acceptance

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

(Multiple Choice)
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An offer made to the public needs to be revoked in the same manner in which the offer was originally communicated. 

(True/False)
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Renee puts her sailboat in an auction with reserve.Renee is the​ 

(Multiple Choice)
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The UETA does not apply to a transaction unless the parties agreed to conduct the transaction electronically. 

(True/False)
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A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction. 

(True/False)
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Business Properties,Inc.(BPI),offers to sell a warehouse to Corporate Investments.Corporate says that it will pay BPI $100 to hold the offer open for three business days.This​ 

(Multiple Choice)
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Crafted Iron Works,Inc.,offers to design,make,and sell City Transit Agency fourteen streetcars.Crafted authorizes a particular mode of communication,but City Transit sends an acceptance via a substituted means.This acceptance is effective when it is​ 

(Multiple Choice)
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May tries to start her new car with no success.She yells that she will sell the car to anyone for $10.Nick,a passerby who owns Nick's Pre-owned Autos,hands May $10.This is​ 

(Multiple Choice)
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Fix-It-Quik,Inc.,offers Denise a job as a plumber.No time for acceptance is specified in the offer.The offer will terminate​ 

(Multiple Choice)
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An effective offer requires reasonably certain terms. 

(True/False)
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An offer must be practical to be effective. 

(True/False)
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Jon says to Kristy,"I would like to sell you my sports memorabilia collection." This is not an offer because it​ 

(Multiple Choice)
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