Exam 10: The Agreement: Offer

Ann receives an advertisement in the mail for Big Box's special edition tablet computers for $500.Ann goes to Big Box's store indicating her acceptance of the advertisement.Ann is informed that Big Box is sold out.Which of the following statements is true?

At an auction,acceptance occurs when:

Sellers at auctions are generally treated as makers of an invitation to offer.

Advertisements for the sale of goods at specific prices are considered to be:

All terms of contracts,even "fine-print" provisions of standard form contracts,are always part of the parties' deal and binding on them,because parties have an obligation to read their contracts and are assumed to have done so.

A newspaper advertisement for Cashmere Closet states "This Saturday 9 a.m. ,1 Red Cashmere Scarf,worth $299.95… $10.00 First Come First Served." Which of the following statements is false?

For a proposal to be considered a contractual offer,the offeror must have what type of intent?

To meet the requirements to form a contract,the parties must have future intent to agree and form a contract.

Early American courts took a subjective approach to contract determination.This was troublesome as it created uncertainty in the enforcement of contracts because:

A newspaper advertisement made to the general public:

An online agreement that presents contract terms and conditions but does not require readers to click to indicate agreement is called a:

Which of the following statements about the objective theory of contracts is false?

Sue offers to buy a house from John and they were negotiating the price of the house.In the meantime,Sue confides in John's wife that she is willing to pay an amount of $50,000 for the house.Delighted to hear this,John's wife tells John the good news.John immediately calls Sue and accepts her offer.Is there a binding contract?

To determine whether a proposal qualifies as an offer,courts first look at:

If a term is left open in a sale of goods contract,that open term or "gap" can be filled by inserting a presumption found in the UCC's "gap-filling" rules.

Ms.White lost her puppy.She advertises a reward of $50 for the return of her puppy.What is the contractual nature of Ms.White's advertisement?

Ashburn had a big ranch in Georgia.One day,Pamela stated,"I'd like to buy your sheep for $50.They're so cute!" to which Ashburn immediately replied,"Sure.That's a deal!" This cannot be enforced as a contract due to lack of:

Adam offers to sell Bill his house.The offer is complete and certain as to all material terms.The offer also contains a promise that for a price of $100,Adam will keep the offer open for 30 days.Bill never pays Adam the $100.Ten days after making the offer,Adam telephones Bill to revoke it.Three days after that,Bill accepts.Is there a contract here? Why or why not?

An online agreement that presents contract terms and conditions and requires users to click a button to indicate agreement is called a:

Ashley says to Bob: "I promise to pay you $20 if you shovel my sidewalk." Bob begins to shovel,and he soon completed 90% of the job.Then Ashley tells him: "Thanks,but I revoke." Bob then finishes the job in about ten minutes.Can Bob recover against Ashley in contract? Why or why not? In any event,what other theory might Bob use? Assume that an offer for a unilateral contract is accepted by full performance of the requested act.