Exam 11: Agreement

In rare circumstances, a price list may be construed as an offer.

Corner Store posts on its website an offer of a reward for information leading to the apprehension of a certain criminal. This offer could normally be terminated by

Shipping Corporation enters into contracts with distributors and other buyers in e-commerce and in traditional commerce. Between Shipping and its customers, the UETA applies if the parties agree to conduct transactions by

Luke puts his motorcycle up for sale via a post on an online auction site. This is

A preliminary agreement can constitute a binding contract if the parties have agreed on all essential terms.

Domestic Gas Company offers to sell Energy Ltd. a certain quantity of liquefied natural gas. If Energy sends an acceptance via Domestic's authorized mode of communication, it will be effective when it is

A request to negotiate is an offer.

One element necessary for an effective offer is the offeror's good faith belief in its reasonableness.

Simone offers Tom a dozen piano lessons for a certain price per lesson but conditions the deal on Tom accepting the offer by April 1. Simone may revoke the offer

If the offeror does not expressly specify a certain mode of acceptance, then acceptance can be made by any means, whether or not it is "reasonable."

For a court to determine if a contract has been breached and to give an appropriate remedy, the offer must include terms that are at least

Global Dispatch Corporation and Heavy Hauling Inc. agree in advance to terms that apply to their future e-transactions. This is