Question 1

An effective offer requires reasonably definite terms.

Accepted Answer

A) True 
 B)False

Question 2

Shelby offers to make digital copies of Relay Company's business conference videotapes, CDs, DVDs, and other media for $500. Under the mailbox rule, Relay's acceptance by e-mail will be considered effective when

Accepted Answer

A)  received. 
B)  sent. 
C)  followed up by a confirmation letter sent by regular mail. 
D)  composed on a Relay computer. 
A)  received. 
B)  sent. 
C)  followed up by a confirmation letter sent by regular mail. 
D)  composed on a Relay computer.

Question 3

Under the mailbox rule, an acceptance becomes valid when it is dispatched.

Accepted Answer

A) True 
 B)False

Question 4

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 5

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

Accepted Answer

A) True 
 B)False

Question 6

One necessary element for an effective offer is a reasonable price related to market value.

Accepted Answer

A) True 
 B)False

Question 7

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

Question 8

Most advertisements-"this property for sale"-are offers.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) assumptions. 
B) beliefs. 
C) intentions. 
D) words and conduct. 
A) assumptions. 
B) beliefs. 
C) intentions. 
D) words and conduct.

Question 10

Liz offers to sell Jock her iPad for $500 without any accessories. Under the mirror image rule, Jock's response will be considered an acceptance ifthe 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 11

Play-It-Loud, LLC, provides music-streaming services online subject to complex pricing schedules. To control specific offers for the services and thus the resulting contracts, important terms to provide online include

Accepted Answer

A)  a provision relating to the resolution of any dispute. 
B)  a detailed history of the music business. 
C)  positive reviews from users of the service. 
D)  an updated list of the music available through the service. 
A)  a provision relating to the resolution of any dispute. 
B)  a detailed history of the music business. 
C)  positive reviews from users of the service. 
D)  an updated list of the music available through the service.

Question 12

There are no revocable offers.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)  ​an offer because of the "person-alized" letter. 
B)  ​an offer because there is no room for price negotiation. 
C)  an offer only if Octavio previously bought items from Pastry Dough. 
D)  ​not an offer. 
A)  ​an offer because of the "person-alized" letter. 
B)  ​an offer because there is no room for price negotiation. 
C)  an offer only if Octavio previously bought items from Pastry Dough. 
D)  ​not an offer.

Question 14

Diversions, Inc., makes video, games. Ember buys a copy of Final Infinity. Inside the package is a shrink-wrap agreement. With respect to the contract for the game's purchase, the shrink-wrap agreement may not be enforced if Ember

Accepted Answer

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

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Barrett files a suit against City Moving Service for breach of contract, based on what Barrett claims was City Moving's offer. For a court to de-termine if a contract has been breached, under the common law, the offer must include terms that are

Accepted Answer

A)  exactly precise. 
B)  reasonably definite. 
C)  unequivocally approximate. 
D)  vague or uncertain. 
A)  exactly precise. 
B)  reasonably definite. 
C)  unequivocally approximate. 
D)  vague or uncertain.

Question 17

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 18

An offer must be practical to be effective.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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.

Exam 11: Agreement

An effective offer requires reasonably definite terms.

Shelby offers to make digital copies of Relay Company's business conference videotapes, CDs, DVDs, and other media for $500. Under the mailbox rule, Relay's acceptance by e-mail will be considered effective when

Under the mailbox rule, an acceptance becomes valid when it is dispatched.

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

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

One necessary element for an effective offer is a reasonable price related to market value.

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

Most advertisements-"this property for sale"-are 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

Liz offers to sell Jock her iPad for $500 without any accessories. Under the mirror image rule, Jock's response will be considered an acceptance ifthe terms of the acceptance

Play-It-Loud, LLC, provides music-streaming services online subject to complex pricing schedules. To control specific offers for the services and thus the resulting contracts, important terms to provide online include

There are no revocable offers.

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

Diversions, Inc., makes video, games. Ember buys a copy of Final Infinity. Inside the package is a shrink-wrap agreement. With respect to the contract for the game's purchase, the shrink-wrap agreement may not be enforced if Ember

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

Barrett files a suit against City Moving Service for breach of contract, based on what Barrett claims was City Moving's offer. For a court to de-termine if a contract has been breached, under the common law, the offer must include terms that are

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

An offer must be practical to be effective.

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

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

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