Question 1

An expression of opinion-"this is excellent"-is an offer.

Accepted Answer

A) True 
 B)False

Question 2

An essential element for contract formation is agreement.

Accepted Answer

A) True 
 B)False

Question 3

The first requirement for an effective offer is a serious intent on the part of the offeror.

Accepted Answer

A) True 
 B)False

Question 4

Generally, an offeree's power of acceptance is terminated when the offeror or offeree dies.

Accepted Answer

A) True 
 B)False

Question 5

Gayla tells Franco that she will pay him $50 to haul the trimmed tree limbs and other 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

Wally offers to repair and service a forklift for Valu Lumber Outlet, but Wally dies before Valu accepts. Most likely, Wally's death

Accepted Answer

A)  ​does not affect the offer. 
B)  ​shortens the time of the offer but does not terminate it. 
C)  ​extends the time of the offer. 
D)  ​terminates the offer. 
A)  ​does not affect the offer. 
B)  ​shortens the time of the offer but does not terminate it. 
C)  ​extends the time of the offer. 
D)  ​terminates the offer.

Question 7

Due on Receipt, Inc., makes tax software, which is packaged with a shrink-wrap agreement. Evenflo Products Company distributes the software to retailers, including a Flatprice discount store, where Greta buys a package of it. The parties to the shrink-wrap agreement are

Accepted Answer

A)  ​does not read it. 
B)  ​learns of it after the contract is formed. 
C)  ​learns of it before the contract is formed. 
D)  ​has difficulty learning how to play the game. 
A)  ​does not read it. 
B)  ​learns of it after the contract is formed. 
C)  ​learns of it before the contract is formed. 
D)  ​has difficulty learning how to play the game.

Question 8

A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction.

Accepted Answer

A) True 
 B)False

Question 9

An acceptance can materially change or add to the terms of the original offer without rejecting it.

Accepted Answer

A) True 
 B)False

Question 10

Coffee Brokers, Inc., offers to buy Dining Company's coffee-roasting services for a certain price. Dining responds that the price is too low and thereby rejects the offer. The offer is

Accepted Answer

A)  ​terminated. 
B)  ​valid for a reasonable time to give Interstate a "second chance." 
C)  ​valid for the period of time prescribed by a state statute. 
D)  ​valid until Interstate revokes the offer. 
A)  ​terminated. 
B)  ​valid for a reasonable time to give Interstate a "second chance." 
C)  ​valid for the period of time prescribed by a state statute. 
D)  ​valid until Interstate revokes the offer.

Question 11

Archway Architects, Inc., makes travel arrangements online and stores the confirming documents and receipts on its servers. Under the UETA, "information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form" is

Accepted Answer

A)  ​an e-contract. 
B)  ​a shrink-wrap agreement. 
C)  ​a partnering agreement. 
D)  ​a record. 
A)  ​an e-contract. 
B)  ​a shrink-wrap agreement. 
C)  ​a partnering agreement. 
D)  ​a record.

Question 12

Global Corporation enters into contracts with buyers in e-commerce and traditional commerce. The UETA applies, if at all, only to those transactions in which the parties agree to use

Accepted Answer

A)  ​electronic means. 
B)  ​paper documents. 
C)  ​updates and cross-checks to orally verify any e-terms. 
D)  ​notarized documents. 
A)  ​electronic means. 
B)  ​paper documents. 
C)  ​updates and cross-checks to orally verify any e-terms. 
D)  ​notarized documents.

Question 13

Orb, Inc., does business online around the globe. The United Nations Convention on the Use of Electronic Communications in International Contracts and other international agreements improve global commercial certainty by

Accepted Answer

A)  ​all of the choices. 
B)  ​determining an Internet user's location for legal purposes. 
C)  ​providing that e-signatures are the equivalent of signatures on paper. 
D)  ​providing for the recognition of judgments by other nations' courts. 
A)  ​all of the choices. 
B)  ​determining an Internet user's location for legal purposes. 
C)  ​providing that e-signatures are the equivalent of signatures on paper. 
D)  ​providing for the recognition of judgments by other nations' courts.

Question 14

An offer may invite an acceptance to be worded in specific terms but that cannot make the contract definite.

Accepted Answer

A) True 
 B)False

Question 15

Lou offers to service Millie's heating and air conditioning system for one year for $500. Under the mirror image rule, Millie's response will be considered an acceptance if the terms of the acceptance

Accepted Answer

A)  ​exactly mirror those of the offer. 
B)  ​change the items offered, but do not change the price. 
C)  ​change the price, but do not change the items offered. 
D)  ​change both the price and the items offered. 
A)  ​exactly mirror those of the offer. 
B)  ​change the items offered, but do not change the price. 
C)  ​change the price, but do not change the items offered. 
D)  ​change both the price and the items offered.

Question 16

Rico, a user of SmartPhoneApps.com's Web site, can download apps for free if he first clicks on "I accept" after viewing certain terms. This is

Accepted Answer

A)  ​a contract that does not include the terms. 
B)  ​a contract that includes the terms. 
C)  ​not a contract but the terms are enforceable. 
D)  ​unenforceable. 
A)  ​a contract that does not include the terms. 
B)  ​a contract that includes the terms. 
C)  ​not a contract but the terms are enforceable. 
D)  ​unenforceable.

Question 17

In most cases, an offeror can revoke an offer as long as the revocation is communicated before the offeree accepts.

Accepted Answer

A) True 
 B)False

Question 18

Megan gives out a business card with an e-mail address on it. It is reasonable to infer that Megan has consented to

Accepted Answer

A)  ​transact business electronically. 
B)  ​submit to the recipient's jurisdiction. 
C)  ​respond to e-mail sent to that address. 
D)  ​nothing. 
A)  ​transact business electronically. 
B)  ​submit to the recipient's jurisdiction. 
C)  ​respond to e-mail sent to that address. 
D)  ​nothing.

Question 19

Idina admires Jules's collection of guitars. July says, "I plan to sell the collection when I get tired of it." Jules's statement is

Accepted Answer

A)  ​an offer. 
B)  ​not an offer because it has not been communicated to Idina. 
C)  ​not an offer because July expressed only an intent to enter into a future contract. 
D)  ​an acceptance. 
A)  ​an offer. 
B)  ​not an offer because it has not been communicated to Idina. 
C)  ​not an offer because July expressed only an intent to enter into a future contract. 
D)  ​an acceptance.

Question 20

Grain Farms and Hi-way Shipping Company make a deal for Hi-way's services, communicating entirely online. Under the UETA, an electronic record of their deal is considered sent when it

Accepted Answer

A)  ​reaches a midway point between the sender and recipient. 
B)  ​comes into the recipient's control. 
C)  ​is read by the recipient. 
D)  ​leaves the sender's control. 
A)  ​reaches a midway point between the sender and recipient. 
B)  ​comes into the recipient's control. 
C)  ​is read by the recipient. 
D)  ​leaves the sender's control.

An expression of opinion-"this is excellent"-is an offer.

An essential element for contract formation is agreement.

The first requirement for an effective offer is a serious intent on the part of the offeror.

Generally, an offeree's power of acceptance is terminated when the offeror or offeree dies.

Gayla tells Franco that she will pay him $50 to haul the trimmed tree limbs and other lawn debris from her property. Franco's acceptance is complete

Wally offers to repair and service a forklift for Valu Lumber Outlet, but Wally dies before Valu accepts. Most likely, Wally's death

Due on Receipt, Inc., makes tax software, which is packaged with a shrink-wrap agreement. Evenflo Products Company distributes the software to retailers, including a Flatprice discount store, where Greta buys a package of it. The parties to the shrink-wrap agreement are

A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction.

An acceptance can materially change or add to the terms of the original offer without rejecting it.

Coffee Brokers, Inc., offers to buy Dining Company's coffee-roasting services for a certain price. Dining responds that the price is too low and thereby rejects the offer. The offer is

Archway Architects, Inc., makes travel arrangements online and stores the confirming documents and receipts on its servers. Under the UETA, "information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form" is

Global Corporation enters into contracts with buyers in e-commerce and traditional commerce. The UETA applies, if at all, only to those transactions in which the parties agree to use

Orb, Inc., does business online around the globe. The United Nations Convention on the Use of Electronic Communications in International Contracts and other international agreements improve global commercial certainty by

An offer may invite an acceptance to be worded in specific terms but that cannot make the contract definite.

Lou offers to service Millie's heating and air conditioning system for one year for $500. Under the mirror image rule, Millie's response will be considered an acceptance if the terms of the acceptance

Rico, a user of SmartPhoneApps.com's Web site, can download apps for free if he first clicks on "I accept" after viewing certain terms. This is

In most cases, an offeror can revoke an offer as long as the revocation is communicated before the offeree accepts.

Megan gives out a business card with an e-mail address on it. It is reasonable to infer that Megan has consented to

Idina admires Jules's collection of guitars. July says, "I plan to sell the collection when I get tired of it." Jules's statement is

Grain Farms and Hi-way Shipping Company make a deal for Hi-way's services, communicating entirely online. Under the UETA, an electronic record of their deal is considered sent when it

Law and Legal Reasoning

Business and the Constitution

Courts and Alternative Dispute Resolution

Tort Law

Criminal Law and Cyber Crime

Business Ethics

Nature and Terminology

Consideration, Capacity, and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach of Contract and Remedies

Intellectual Property Rights

Internet Law, Social Media, and Privacy

The Formation of Sales and Lease Contracts

Performance, Breach, and Warranties of Sales and Lease Contracts

Agency Relationships in Business

Small Businesses and Limited Liability Companies

Corporations

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Exam 8: Agreement in Traditional and E-Contracts

An expression of opinion-"this is excellent"-is an offer.

An essential element for contract formation is agreement.

The first requirement for an effective offer is a serious intent on the part of the offeror.

Generally, an offeree's power of acceptance is terminated when the offeror or offeree dies.

Gayla tells Franco that she will pay him $50 to haul the trimmed tree limbs and other lawn debris from her property. Franco's acceptance is complete

Wally offers to repair and service a forklift for Valu Lumber Outlet, but Wally dies before Valu accepts. Most likely, Wally's death

Due on Receipt, Inc., makes tax software, which is packaged with a shrink-wrap agreement. Evenflo Products Company distributes the software to retailers, including a Flatprice discount store, where Greta buys a package of it. The parties to the shrink-wrap agreement are

A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction.

An acceptance can materially change or add to the terms of the original offer without rejecting it.

Coffee Brokers, Inc., offers to buy Dining Company's coffee-roasting services for a certain price. Dining responds that the price is too low and thereby rejects the offer. The offer is

Archway Architects, Inc., makes travel arrangements online and stores the confirming documents and receipts on its servers. Under the UETA, "information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form" is

Global Corporation enters into contracts with buyers in e-commerce and traditional commerce. The UETA applies, if at all, only to those transactions in which the parties agree to use

Orb, Inc., does business online around the globe. The United Nations Convention on the Use of Electronic Communications in International Contracts and other international agreements improve global commercial certainty by

An offer may invite an acceptance to be worded in specific terms but that cannot make the contract definite.

Lou offers to service Millie's heating and air conditioning system for one year for $500. Under the mirror image rule, Millie's response will be considered an acceptance if the terms of the acceptance

Rico, a user of SmartPhoneApps.com's Web site, can download apps for free if he first clicks on "I accept" after viewing certain terms. This is

In most cases, an offeror can revoke an offer as long as the revocation is communicated before the offeree accepts.

Megan gives out a business card with an e-mail address on it. It is reasonable to infer that Megan has consented to

Idina admires Jules's collection of guitars. July says, "I plan to sell the collection when I get tired of it." Jules's statement is

Grain Farms and Hi-way Shipping Company make a deal for Hi-way's services, communicating entirely online. Under the UETA, an electronic record of their deal is considered sent when it

Law and Legal Reasoning

Business and the Constitution

Courts and Alternative Dispute Resolution

Tort Law

Criminal Law and Cyber Crime

Business Ethics

Nature and Terminology

Consideration, Capacity, and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach of Contract and Remedies

Intellectual Property Rights

Internet Law, Social Media, and Privacy

The Formation of Sales and Lease Contracts

Performance, Breach, and Warranties of Sales and Lease Contracts

Agency Relationships in Business

Small Businesses and Limited Liability Companies

Corporations

Filters