Multiple Choice
Which of the following is true of a binding contract?
A) It allows an offer to be revoked once the contract is formed.
B) It is created when an offeree accepts an offer that has been properly communicated.
C) It is considered valid when the offer made is indefinite in nature.
D) It is created when the offeror clearly shows an intention to make an offer.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: If the intended acceptance varies or qualifies
Q5: Ryan, a college student, intends to sell
Q6: Advertisements and catalogs are examples of general
Q7: If a merchant displays a coat at
Q8: An offer that does not specify a
Q10: An offeree's response that rejects an offer
Q11: When an offeree is not aware of
Q12: If, after an offer has been made,
Q13: What are the requirements of a valid
Q14: If an offeror receives something of value