Question 1

Contracts cannot be terminated by operation of law.

Accepted Answer

False

Question 2

An offeror must always have&#10;A)negotiations.&#10;B)intent.&#10;C)communications.&#10;D)objectivity.

Accepted Answer

B

Question 3

Under the mailbox rule, the acceptance is effective upon &#8203;&#10;A)notice.&#10;B)communication.&#10;C)receipt.&#10;D)return.

Accepted Answer

B

Question 4

A solicitation is always which of the following?&#10;A)An offer&#10;B)A bait and switch&#10;C)None of the above&#10;D)All of the above

Accepted Answer

The answer of A solicitation is always which of the...

Question 5

An acceptance may be which of the following? &#8203;&#10;A)Written&#10;B)Oral&#10;C)Implied&#10;D)All of the above

Accepted Answer

The answer of An acceptance may be which of the...

Question 6

A deviation from the mirror image rule creates a(n)&#8203;&#10;A)rejection.&#10;B)acceptance.&#10;C)contract.&#10;D)counteroffer.

Accepted Answer

The answer of A deviation from the mirror image rule...

Question 7

Which of the following is a method of terminating an offer? &#8203;&#10;A)Rejection&#10;B)Death&#10;C)Counteroffer&#10;D)All of the above

Accepted Answer

The answer of Which of the following is a method...

Question 8

A preliminary negotiation always creates an offer.

Accepted Answer

The answer of A preliminary negotiation always creates an offer....

Question 9

The mailbox rule cannot be circumvented by the parties to a contract.

Accepted Answer

The answer of The mailbox rule cannot be circumvented by...

Question 10

An offer is a communication by the offeree to the offeror.

Accepted Answer

The answer of An offer is a communication by the...

Question 11

An offer can be terminated by the offeree's rejection.

Accepted Answer

The answer of An offer can be terminated by the...

Question 12

An acceptance cannot be terminated if an option is created.

Accepted Answer

The answer of An acceptance cannot be terminated if an...

Question 13

The terms of an offer must always be definite.

Accepted Answer

The answer of The terms of an offer must always...

Question 14

An acceptance is the response by the offeree to the offeror.

Accepted Answer

The answer of An acceptance is the response by the...

Question 15

An offer must always be which of the following?&#10;A)Formal&#10;B)Communicated&#10;C)In writing&#10;D)None of the above

Accepted Answer

The answer of An offer must always be which of...

Question 16

Death of the offeror terminates the offer.

Accepted Answer

The answer of Death of the offeror terminates the offer....

Question 17

An option contract creates a(n)&#8203;&#10;A)irrevocable offer.&#10;B)contract.&#10;C)proposal.&#10;D)none of the above.

Accepted Answer

The answer of An option contract creates a(n)&#8203;&#10;A)irrevocable offer.&#10;B)contract.&#10;C)proposal.&#10;D)none of...

Question 18

An acceptance can only be communicated in writing.

Accepted Answer

The answer of An acceptance can only be communicated in...

Question 19

To be definite, an offer must include, at least&#10;A)the price.&#10;B)subject matter.&#10;C)the parties.&#10;D)all of the above.

Accepted Answer

The answer of To be definite, an offer must include,...

Question 20

An offeror communicates which of the following? &#8203;&#10;A)Acceptance&#10;B)Offer&#10;C)The contract&#10;D)The rejection

Accepted Answer

The answer of An offeror communicates which of the following?...

Question 21

Match between columns&#10;                        Premises: Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;Withdrawal of an offer by the offeror. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;A communication by the offeror to the offeree of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;Response by the offeree to the offeror of an intent to be bound to a contract. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An invitation to negotiate. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;An offer communicated in the mail to the offeree when the acceptance is effective upon receipt. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Consideration paid for an irrevocable offer. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;Sets limitations on an acceptance. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;An offer and acceptance must be exact. &#10;A new offer. &#10;A new offer. &#10;A new offer. &#10;A new offer. &#10;A new offer. &#10;A new offer. &#10;A new offer. &#10;A new offer. &#10;A new offer. &#10;A new offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer. &#10;Offeree's nonacceptance of an offer.

Accepted Answer

The Answer of acceptance and rejection and option contract and is...

Deck 3: Formation of a Contraction: Offer and Acceptance