Question 1

Khe says, "I plan to sell my Apple stock." This is not an offer because

Accepted Answer

A) the statement is not addressed to a specific offeree. 
B) the offeror has only committed to negotiate the terms in good faith. 
C) a statement of future intent to do something in the future is not an offer. 
D) an expression of opinion does not indicate an intent to enter into a deal. 
A) the statement is not addressed to a specific offeree. 
B) the offeror has only committed to negotiate the terms in good faith. 
C) a statement of future intent to do something in the future is not an offer. 
D) an expression of opinion does not indicate an intent to enter into a deal.

Question 2

An ad for the New Plays Festival asks playwrights to submit their work and "we might produce it for the world." Oded submits a play with a note that states, "I accept." Between the Festival and Oded, there is

Accepted Answer

A) a contract to produce Oded's play. 
B) a contract to consider producing Oded's play. 
C) a contract to negotiate with Oded to produce the play. 
D) none of the choices. 
A) a contract to produce Oded's play. 
B) a contract to consider producing Oded's play. 
C) a contract to negotiate with Oded to produce the play. 
D) none of the choices.

Question 3

Acceptance may consist of words or conduct.

Accepted Answer

A) True 
 B)False

Question 4

An offer terminates automatically when the period of time specified in the offer has passed.

Accepted Answer

A) True 
 B)False

Question 5

Gaia tells Franco that she will pay him $50 to haul lawn debris from her property. Franco's acceptance is complete

Accepted Answer

A) as soon as he says he will do the job. 
B) once he starts to work. 
C) only after he hauls away the debris. 
D) when he hears the offer. 
A) as soon as he says he will do the job. 
B) once he starts to work. 
C) only after he hauls away the debris. 
D) when he hears the offer.

Question 6

The U.S. Department of Justice needs to have construction work done on a federal courthouse. The agency asks contractors to submit bids. This is

Accepted Answer

A) an offer. 
B) an invitation to submit offers, not an offer itself. 
C) a catalogue, not an offer. 
D) a price list, not an offer. 
A) an offer. 
B) an invitation to submit offers, not an offer itself. 
C) a catalogue, not an offer. 
D) a price list, not an offer.

Question 7

Because so much e-commerce involves parties in the United States, the preeminence of U.S. law in this area is not likely to be challenged in the future.

Accepted Answer

A) True 
 B)False

Question 8

A click-on agreement can indicate the acceptance of an online offer.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) before Tom accepts it. 
B) before April 1, whether or not Tom has accepted it. 
C) only after Tom accepts it. 
D) only after April 1. 
A) before Tom accepts it. 
B) before April 1, whether or not Tom has accepted it. 
C) only after Tom accepts it. 
D) only after April 1.

Question 10

The offeror can revoke the offer only be expressing repudiating it.

Accepted Answer

A) True 
 B)False

Question 11

Before the UETA applies, each party to a transaction must agree to conduct it by electronic means.

Accepted Answer

A) True 
 B)False

Question 12

For a contact to be considered valid and enforceable, the parties to a deal must

Accepted Answer

A) necessarily have it in writing. 
B) manifest their voluntary consent to the same bargain. 
C) know with certainty what kinds of promises will be enforced. 
D) subjectively intend to agree to the terms. 
A) necessarily have it in writing. 
B) manifest their voluntary consent to the same bargain. 
C) know with certainty what kinds of promises will be enforced. 
D) subjectively intend to agree to the terms.

Exam 12: Agreement

Khe says, "I plan to sell my Apple stock." This is not an offer because

An ad for the New Plays Festival asks playwrights to submit their work and "we might produce it for the world." Oded submits a play with a note that states, "I accept." Between the Festival and Oded, there is

Acceptance may consist of words or conduct.

An offer terminates automatically when the period of time specified in the offer has passed.

Gaia tells Franco that she will pay him $50 to haul lawn debris from her property. Franco's acceptance is complete

The U.S. Department of Justice needs to have construction work done on a federal courthouse. The agency asks contractors to submit bids. This is

Because so much e-commerce involves parties in the United States, the preeminence of U.S. law in this area is not likely to be challenged in the future.

A click-on agreement can indicate the acceptance of an online offer.

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

The offeror can revoke the offer only be expressing repudiating it.

Before the UETA applies, each party to a transaction must agree to conduct it by electronic means.

For a contact to be considered valid and enforceable, the parties to a deal must

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