Exam 11: Creating a Contract: Acceptances
Exam 1: Law, Legal Reasoning, and the Legal Profession50 Questions
Exam 2: Dispute Settlement50 Questions
Exam 3: Business Ethics and Corporate Social Responsibility50 Questions
Exam 4: Business and the Constitution50 Questions
Exam 5: Crimes50 Questions
Exam 6: Intentional Torts49 Questions
Exam 7: Negligence and Strict Liability49 Questions
Exam 8: Licensing and Intellectual Property50 Questions
Exam 9: The Nature and Origins of Contracts50 Questions
Exam 10: Creating a Contract: Offers50 Questions
Exam 11: Creating a Contract: Acceptances49 Questions
Exam 12: Consideration50 Questions
Exam 13: Capacity to Contract50 Questions
Exam 14: Voluntary Consent50 Questions
Exam 15: Illegality50 Questions
Exam 16: The Form and Meaning of Contracts50 Questions
Exam 17: Third Parties Contract Rights50 Questions
Exam 18: Performance and Remedies50 Questions
Exam 19: Formation and Terms of Sales Contracts50 Questions
Exam 20: Warranties and Product Liability50 Questions
Exam 21: Performance of Sales Contracts49 Questions
Exam 22: Remedies for Breach of Sales Contracts50 Questions
Exam 23: The Agency Relationship-Creation, Duties, and Termination50 Questions
Exam 24: Liability of Principals and Agents to Third Parties49 Questions
Exam 25: Employment Laws50 Questions
Exam 26: Which Form of Business Organization50 Questions
Exam 27: Partnerships50 Questions
Exam 28: Formation and Termination of Corporations49 Questions
Exam 29: Management of the Corporate Business50 Questions
Exam 31: Securities Regulation50 Questions
Exam 32: Legal Liability of Accountants49 Questions
Exam 33: Personal Property and Bailments50 Questions
Exam 34: Real Property50 Questions
Exam 35: Landlord and Tenant50 Questions
Exam 36: Estates and Trusts50 Questions
Exam 37: Insurance50 Questions
Exam 38: Negotiable Instruments50 Questions
Exam 39: Negotiation and Holder in Due Course50 Questions
Exam 40: Liability of Parties50 Questions
Exam 41: Checks and Electronic Fund Transfers50 Questions
Exam 42: Introduction to Security50 Questions
Exam 43: Security Interests in Personal Property50 Questions
Exam 44: Bankruptcy50 Questions
Exam 45: The Antitrust Laws50 Questions
Exam 46: Consumer Protection Laws50 Questions
Exam 47: Environmental Regulation50 Questions
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The Uniform Commercial Code and the United Nations Convention of Contracts for the International Sale of Goods both hold that acceptances are effective when they are dispatched.
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(True/False)
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Correct Answer:
False
_____ the Uniform Commercial Code (UCC), the UN Convention on Contracts for the International Sale of Goods (CISG) holds acceptances to be effective when they are _____, not when they are _____.
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(Multiple Choice)
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Correct Answer:
A
In general, if an offeree uses a means of acceptance that is slower than that used by the offeror to communicate that offer:
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(Multiple Choice)
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Correct Answer:
A
In determining whether the offeree accepted the offer, the court looks for the offeree's _____ intent to contract.
(Multiple Choice)
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Explain the similarity and difference between "click-on" and "browse-wrap" contracts.
(Essay)
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If possible, the courts interpret an offer as proposing a unilateral contract.
(True/False)
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According to the common law, a timely expression of acceptance creates a contract even if it includes terms that are different from those stated in the offer.
(True/False)
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Explain the concept of a "stipulation" as it relates to the manner of communicating acceptance, including the effect a stipulation has on the formation of a contract.
(Essay)
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According to the Uniform Commercial Code (UCC), when acceptance is made expressly conditional on agreement to new terms proposed by the offeree, _____ contract is created.
(Multiple Choice)
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Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms. The offer stated that a telegraphed acceptance was required. Within a reasonable time, Louis telephoned Laura to accept. Which of the following is a true statement about this situation?
(Multiple Choice)
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Which of the following statements is true of the Uniform Commercial Code about acceptance by shipment?
(Multiple Choice)
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According to the Uniform Commercial Code and the Restatement Second, an offeror who remains silent impliedly authorizes the offeree to accept by any reasonable means of communication.
(True/False)
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On June 1, Kareem sends Fatima an e-mail offering to build her a new garage for $20,000. In his e-mail, Kareem wrote, "acceptance by certified mail is advisable." On June 2 at 8 a.m., Kareem sends Fatima a certified letter attempting to revoke the offer. At 2 p.m. the same day, Fatima mails Kareem a letter via certified mail attempting to accept his offer. Under these circumstances, _____.
(Multiple Choice)
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If the offer or circumstances do not indicate otherwise, the means the offeror used to communicate the offer is the impliedly authorized means for accepting.
(True/False)
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If an offeree dispatches both an acceptance and a rejection to an offer, _____.
(Multiple Choice)
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Explain the process followed by the court to determine the intent of the parties to enter into a contract if a dispute arises before the written draft of agreement is created.
(Essay)
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The Uniform Commercial Code (UCC) specifically states that an order requesting "prompt" or "current" shipment of goods impliedly invites acceptance by either a prompt promise to ship or a prompt shipment of the goods.
(True/False)
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An offeror can minimize problems with the timing of acceptances since he or she has the power to control the conditions under which the offer can be accepted.
(True/False)
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In 2003 the American Law Institute approved an amendment to Section 2-207of the Uniform Commercial Code (UCC) eliminating the _____ test of the _____.
(Multiple Choice)
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