Exam 11: Agreement

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Pete negotiates a deal for the sale of certain real estate to Owen. Pete promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer

(Multiple Choice)

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Question 21

An offeror's subjective intent determines the effectiveness of an offer.

(True/False)

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Question 22

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

(Multiple Choice)

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Question 23

Naomi tells Ogden,who has no knowledge of Shakespearean comedy,that she will tutor him in the subject for $50. As an offer,this is

(Multiple Choice)

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Question 24

In a bilateral contract,communication of acceptance is necessary.

(True/False)

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Question 25

There are no revocable offers.

(True/False)

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Question 26

Fresh Fast Service,Inc.,offers to deliver produceto Growers' Market's customers for a certain price. Fresh's intent to extend a serious offer to Growers' Market is determined by reference to Fresh's

(Multiple Choice)

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Question 27

Signe offers to sell Thom her textbook but conditions the sale on Thom ac-cepting the offer by March 1. Signe may revoke the offer

(Multiple Choice)

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Question 28

No offer can be accepted by silence.

(True/False)

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Question 29

An invitation to negotiate is an agreement.

(True/False)

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Question 30

An invitation to negotiate-"can you afford this?"-is an offer.

(True/False)

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Question 31

An offer does not need to be communicated to the offeree to become effective.

(True/False)

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Question 32

Barney offers to sell his Call Marketing Center business to Domino for $100,000. Domino replies,"The price is too high. I will offer to buy it for $90,000." Domino has

(Multiple Choice)

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(89)

Question 33

An option contract is created when an offeror promises to hold an offer open for a specified period of time in return for a payment given by the offeree.

(True/False)

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Question 34

Rafi offers a tour of Bay Harbor aboard his sailboat,Sea Siren,to Tiara's Travel Group for $500. Referring to the prices for similar tours,Tiara's says,"We'll pay no more than $400." Rafi's offer is

(Multiple Choice)

4.9/5

(80)

Question 35

Pastry Dough,Inc.,sends its catalogue to Octavio and includes a "per-son-alized" letter inviting him to buy any item in it at the ad-vertised price. This is

(Multiple Choice)

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Question 36

Richie,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

(Multiple Choice)

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Question 37

Beth goes to Dr. Carlton for surgery. Carlton says that Beth should be fully healed within a week. Beth is not healed within a week. With respect to breach of contract,Carlton is

(Multiple Choice)

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(77)

Question 38

Pacific Charter Company offers to provide an air-conditioned bus to Quincy's tour group for $1,500 plus the cost of the fuel. The mailbox rule applies if Quincy accepts the offer by

(Multiple Choice)

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(74)

Question 39

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

(True/False)

4.9/5

(90)

Question 40

Showing 21 - 40 of 72

Exam 11: Agreement

Pete negotiates a deal for the sale of certain real estate to Owen. Pete promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer

An offeror's subjective intent determines the effectiveness of an offer.

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

Naomi tells Ogden,who has no knowledge of Shakespearean comedy,that she will tutor him in the subject for $50. As an offer,this is

In a bilateral contract,communication of acceptance is necessary.

There are no revocable offers.

Fresh Fast Service,Inc.,offers to deliver produceto Growers' Market's customers for a certain price. Fresh's intent to extend a serious offer to Growers' Market is determined by reference to Fresh's

Signe offers to sell Thom her textbook but conditions the sale on Thom ac-cepting the offer by March 1. Signe may revoke the offer

No offer can be accepted by silence.

An invitation to negotiate is an agreement.

An invitation to negotiate-"can you afford this?"-is an offer.

An offer does not need to be communicated to the offeree to become effective.

Barney offers to sell his Call Marketing Center business to Domino for $100,000. Domino replies,"The price is too high. I will offer to buy it for $90,000." Domino has

An option contract is created when an offeror promises to hold an offer open for a specified period of time in return for a payment given by the offeree.

Rafi offers a tour of Bay Harbor aboard his sailboat,Sea Siren,to Tiara's Travel Group for $500. Referring to the prices for similar tours,Tiara's says,"We'll pay no more than $400." Rafi's offer is

Pastry Dough,Inc.,sends its catalogue to Octavio and includes a "per-son-alized" letter inviting him to buy any item in it at the ad-vertised price. This is

Richie,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

Beth goes to Dr. Carlton for surgery. Carlton says that Beth should be fully healed within a week. Beth is not healed within a week. With respect to breach of contract,Carlton is

Pacific Charter Company offers to provide an air-conditioned bus to Quincy's tour group for $1,500 plus the cost of the fuel. The mailbox rule applies if Quincy accepts the offer by

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

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