Question 1

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 2

Jacqi tells Kenneth,who does not know how to perform comedy,that she will tutor him in the subject for $500.As an offer,this is

Accepted Answer

A) effective. 
B) not effective,because comedy is not a serious subject. 
C) not effective,because Jacqi's tutoring will be subjective. 
D) not effective,because Kenneth has no knowledge of the subject. 
A) effective. 
B) not effective,because comedy is not a serious subject. 
C) not effective,because Jacqi's tutoring will be subjective. 
D) not effective,because Kenneth has no knowledge of the subject.

Question 3

Browse-wrap terms are arguably not enforceable.

Accepted Answer

A) True 
 B)False

Question 4

In most states,revocation becomes effective on receipt.

Accepted Answer

A) True 
 B)False

Question 5

In a bilateral contract,communication of acceptance is necessary.

Accepted Answer

A) True 
 B)False

Question 6

Quality Sales Corporation enters into contracts over the Internet.Quality can protect itself against disputes involving these contracts by making im-portant terms

Accepted Answer

A) reasonably clear. 
B) difficult to notice. 
C) impossible to find. 
D) standardized. 
A) reasonably clear. 
B) difficult to notice. 
C) impossible to find. 
D) standardized.

Question 7

If no time for acceptance is specified in an offer,the offer terminates after a reasonable length of time.

Accepted Answer

A) True 
 B)False

Question 8

A click-on agreement is an agreement whose terms are expressed inside a box in which the goods are packaged.

Accepted Answer

A) True 
 B)False

Question 9

Not all of the terms presented in shrink-wrap agreements have been enforced.

Accepted Answer

A) True 
 B)False

Question 10

Ali offers to sell Ben a new car for $10,000.Ben accepts the offer and sells his old car so that he will have money for the new one.Ali's offer is probably

Accepted Answer

A) revocable because the terms of the offer were not definite. 
B) irrevocable because Ben sold his old car because of justifiable reliance on Ali's offer to sell him a new car. 
C) revocable because any offer is revocable. 
D) irrevocable because Ali's offer represents an opinion contract. 
A) revocable because the terms of the offer were not definite. 
B) irrevocable because Ben sold his old car because of justifiable reliance on Ali's offer to sell him a new car. 
C) revocable because any offer is revocable. 
D) irrevocable because Ali's offer represents an opinion contract.

Question 11

Under the UETA,an e-signature of a notary public is not sufficient to notarize a document.

Accepted Answer

A) True 
 B)False

Question 12

Digital Products Company includes a shrink-wrap agreement in a transac-tion with Eagle Engineering Corporation. A shrink-wrap agreement is an agreement whose terms are expressed

Accepted Answer

A) in code at the end of a computer program . 
B) inside a box in which goods are packaged. 
C) in small print at the end of a paper contract signed by both parties. 
D) on a computer screen. 
A) in code at the end of a computer program . 
B) inside a box in which goods are packaged. 
C) in small print at the end of a paper contract signed by both parties. 
D) on a computer screen.

Question 13

Fred's Paper Shop frequently buys paper from Online Office Supplies,Inc.Online Office Supplies and Fred's Paper Shop decide to enter into a partnering agreement.One of the advantages of entering into a partnering agreement is that

Accepted Answer

A) the costs of all transactions will be reduced. 
B) the likelihood that disputes will arise under their contract is reduced. 
C) neither party will be able to file suit for breach of contract. 
D) Fred's Paper Shop will not be able to file suit for breach of contract. 
A) the costs of all transactions will be reduced. 
B) the likelihood that disputes will arise under their contract is reduced. 
C) neither party will be able to file suit for breach of contract. 
D) Fred's Paper Shop will not be able to file suit for breach of contract.

Question 14

The E-Sign Act does not preempt the uniform version of the UETA.

Accepted Answer

A) True 
 B)False

Question 15

A seller's price list is notan offer.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) transact business electronically. 
B) submit to the jurisdiction of any selected forum. 
C) accept and respond to any correspondence sent to that address. 
D) nothing. 
A) transact business electronically. 
B) submit to the jurisdiction of any selected forum. 
C) accept and respond to any correspondence sent to that address. 
D) nothing.

Question 17

On May 1 Jill offers to sell Andrea a herd of sheep.On May 3 Jill mails Andrea a letter revoking the offer.Andrea receives the letter on May 5.Jill's revocation of the offer to sell the sheep became effective on

Accepted Answer

A) May 1. 
B) May 3. 
C) May 4. 
D) May 5. 
A) May 1. 
B) May 3. 
C) May 4. 
D) May 5.

Question 18

First Design Corporation,a business firm,and Glen,a consumer,make a deal over the Internet that involves e-signatures.Under the E-SIGN Act,the e-signatures

Accepted Answer

A) are as valid as signatures on a paper document. 
B) must be encrypted to be enforceable. 
C) must have been inscribed on a digital tablet to be authenticated. 
D) must relate to a partnering agreement. 
A) are as valid as signatures on a paper document. 
B) must be encrypted to be enforceable. 
C) must have been inscribed on a digital tablet to be authenticated. 
D) must relate to a partnering agreement.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Mary admires Julia's collection of scarves.Julia says "I might sell you a few someday,if I get tired of them." Julia's statement is

Accepted Answer

A) an effective offer. 
B) not an effective offer because it has not been communicated to Mary. 
C) not an effective offer because the Julia does not show a serious intent to be bound. 
D) an acceptance. 
A) an effective offer. 
B) not an effective offer because it has not been communicated to Mary. 
C) not an effective offer because the Julia does not show a serious intent to be bound. 
D) an acceptance.

Exam 9: Agreement in Traditional and E-Contracts

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

Jacqi tells Kenneth,who does not know how to perform comedy,that she will tutor him in the subject for $500.As an offer,this is

Browse-wrap terms are arguably not enforceable.

In most states,revocation becomes effective on receipt.

In a bilateral contract,communication of acceptance is necessary.

Quality Sales Corporation enters into contracts over the Internet.Quality can protect itself against disputes involving these contracts by making im-portant terms

If no time for acceptance is specified in an offer,the offer terminates after a reasonable length of time.

A click-on agreement is an agreement whose terms are expressed inside a box in which the goods are packaged.

Not all of the terms presented in shrink-wrap agreements have been enforced.

Ali offers to sell Ben a new car for $10,000.Ben accepts the offer and sells his old car so that he will have money for the new one.Ali's offer is probably

Under the UETA,an e-signature of a notary public is not sufficient to notarize a document.

Digital Products Company includes a shrink-wrap agreement in a transac-tion with Eagle Engineering Corporation. A shrink-wrap agreement is an agreement whose terms are expressed

Fred's Paper Shop frequently buys paper from Online Office Supplies,Inc.Online Office Supplies and Fred's Paper Shop decide to enter into a partnering agreement.One of the advantages of entering into a partnering agreement is that

The E-Sign Act does not preempt the uniform version of the UETA.

A seller's price list is notan offer.

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

On May 1 Jill offers to sell Andrea a herd of sheep.On May 3 Jill mails Andrea a letter revoking the offer.Andrea receives the letter on May 5.Jill's revocation of the offer to sell the sheep became effective on

First Design Corporation,a business firm,and Glen,a consumer,make a deal over the Internet that involves e-signatures.Under the E-SIGN Act,the e-signatures

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

Mary admires Julia's collection of scarves.Julia says "I might sell you a few someday,if I get tired of them." Julia's statement is

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