5 Written Questions

1. offer made by the offeree to the offeror that deals with the subject matter of the orginal offer but with some variation terms
2. the auctioneer is the offeror and the bidders are the offerees
3. offeror makes a promise to entice the offeree to perform
4. parties thinking or mental state rather then manisfestation
5. hypothetical, rational person who can objectively interpret a set of facts

5 Matching Questions

1. offeree
2. reliance cause of action
3. hybrid transaction
4. lapse
5. condition

1. a the termination of the offer through the offeree's failure to accept it within the time specified in the offer or , if no time specified the within a reasonable time
2. b contracts that are for both the sale of goods and the sale of services
3. c contingency
4. d plaintiffs complaints
5. e offeror invites to accepts the offer

5 Multiple Choice Questions

1. the courts deference to the parties own choice law
   1. promise
   2. preexisting duty
   3. promisee
   4. party autonomy rule
2. manisfestation of nonacceptence of the offer
   1. revocation
   2. condition
   3. reliance
   4. rejection
3. all disscusions of the parties occur prior to the offer
   1. revocation
   2. preliminary negotiation
   3. reliance cause of action
   4. sham considertation
4. reasonable persons standard
   1. option contract
   2. rejection
   3. objective standard
   4. subjective standard
5. a manisfestation of willingness to enter into a bargin, which justifies another person in understanding that his/her assent to that bargain is invited and will conclude it
   1. lapse
   2. offeror
   3. offeree
   4. offer

5 True/False Questions

1. promisee → a manisfestation of intention to act or refrain from acting in a specified way which justifies a promisees understanding that a promisor has made a commitment

   True        False

2. restatement of the law → hypothetical, rational person who can objectively interpret a set of facts

   True        False

3. revocation → offeror's manisfestation to withdraw the offer

   True        False

4. offeror → a manisfestation of willingness to enter into a bargin, which justifies another person in understanding that his/her assent to that bargain is invited and will conclude it

   True        False

5. illusory promise → less then a commitment to do or refrain from doing something, illusonary promise is a misnomer because it's not a promise

   True        False