Question 1

If the offer does not specify a type of acceptance,the offeree may accept in any reasonable manner and method.

Accepted Answer

A) True 
 B)False

Question 2

Which term refers to whether an offeree accepts an offer by promising,by making a down payment or by performing?

Accepted Answer

A) manner of acceptance 
B) methodof acceptance 
C) definiteness 
D) intent 
A) manner of acceptance 
B) methodof acceptance 
C) definiteness 
D) intent

Question 3

Candy,Inc.signed an agreement with Sweet Plantation.Under the contract,Candy,Inc.agreed to purchase all the sugar cane Sweet Plantation grew during the coming season for $0.16 per pound.This contract will be unenforceable due to its vagueness.

Accepted Answer

A) True 
 B)False

Question 4

Dick offers to sell Jane his 1955 Thunderbird convertible.Before Jane can accept the offer,lightning strikes the car and it is totally destroyed.Which of the following is true?

Accepted Answer

A) Jane can still accept the offer and John must find a 1955 Thunderbird to sell. 
B) The offer is terminated by law. 
C) Dick can still revoke his offer so long as he does so before Jane accepts. 
D) Jane can still accept the offer. She will be entitled to the insurance proceeds. 
A) Jane can still accept the offer and John must find a 1955 Thunderbird to sell. 
B) The offer is terminated by law. 
C) Dick can still revoke his offer so long as he does so before Jane accepts. 
D) Jane can still accept the offer. She will be entitled to the insurance proceeds.

Question 5

Jaime offered to buy Kevin's bike.Jamie is the

Accepted Answer

A) offeree. 
B) offeror. 
C) mortgagor. 
D) trustee. 
A) offeree. 
B) offeror. 
C) mortgagor. 
D) trustee.

Exam 12: Agreement

If the offer does not specify a type of acceptance,the offeree may accept in any reasonable manner and method.

Which term refers to whether an offeree accepts an offer by promising,by making a down payment or by performing?

Candy,Inc.signed an agreement with Sweet Plantation.Under the contract,Candy,Inc.agreed to purchase all the sugar cane Sweet Plantation grew during the coming season for $0.16 per pound.This contract will be unenforceable due to its vagueness.

Dick offers to sell Jane his 1955 Thunderbird convertible.Before Jane can accept the offer,lightning strikes the car and it is totally destroyed.Which of the following is true?

Jaime offered to buy Kevin's bike.Jamie is the

Introduction to Law

Business Ethics and Corporate Social Responsibility

International Law

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Dispute Resolution

Crime

Intentional Torts and Business Torts

Negligence, Strict Liability, and Product Liability

Cyberlaw and Privacy

Introduction to Contracts

Consideration

Legality

Capacity and Consent

Written Contracts

Third Parties

Performance, Breach and Discharge

Remedies

Practical Contracts

Introduction to Sales

Ownership, Risk and Warranties

Performance and Remedies

Secured Transactions

Creating a Negotiable Instrument

Liability for Negotiable Instruments

Accountants' Liability

Agency Law

Employment and Labor Law

Employment Discrimination

Starting a Business: LLCs and Other Options

Partnerships

Life and Death of a Corporation

Management Duties

Shareholder Rights

Bankruptcy

Securities Regulation

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Environmental Law

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Planning for the Future: Estates and Insurance

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