Exam 9: Agreement in Traditional and E-Contracts

An option contract is created when an offeror promises to hold an offer open for a specified period of time in return for a payment given by the offeree.

A record is an interaction between two or more people relating to business, commercial, or governmental activities.

A circular letter-"Dear Mr. or Ms. Jones, This is our biggest sale ever!"-is not evidence of an intent to enter into a contract.

Beth goes to Dr. Carlton for surgery. Carlton says that Beth should be fully healed within a week. Beth is not healed within a week. With respect to breach of contract, Carlton is

An offer does not need to be communicated to the offeree to become effective.

Signe offers to sell Thomas her textbook but conditions the sale on Thomas ac?cepting the offer by March 1. Signe may revoke the offer

Under the UETA, an e-signature of a notary public is not sufficient to notarize a document.

Jack offers to sell Ben a new car for $10,000. Ben accepts the offer and sells his old car so that he will have money for the new one. Jack's offer is probably

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

Digital Products Company includes a shrink-wrap agreement in a transac?tion with Eagle Engineering Corporation. A shrink-wrap agreement is an agreement whose terms are expressed

In a bilateral contract, communication of acceptance is necessary.

Fred's Paper Shop frequently buys paper from Online Office Supplies, Inc. Online Office Supplies and Fred's Paper Shop decide to enter into a partnering agreement. One of the advantages of entering into a partnering agreement is that

Peter and Ray are riding their horses together. Peter jokingly tells Ray that Ray's horse is too slow. Ray laughs and jokingly responds "Yes, he is too slow! I would sell him for $5!" Peter hands Ray $5. This is

Clean Health Insurance, Inc. sends Kathy a health insurance termination. The health insurance termination is

Under the UETA, a contract is unenforceable if it is solely in electronic form.

A seller's price list is not an offer.

Revocation is effective on dispatch.

The UETA does not require the use of security procedures to verify changes to electronic documents and to correct errors.

Over the Internet, Red & White Contractors, Inc., arranges to lease storage space from Blue Services Company. To complete the deal, Red & White clicks on a but?ton that says, in reference to certain terms, "I agree." Most likely, the par?ties have

Some unilateral contracts do not require that an offeror be notified of acceptance.