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5 Written questions

5 Matching questions

  1. Peter and Ray are riding their horses together. Peter jokingly tells Ray that Ray's horse is too slow. Ray laughs and jokingly responds, "Yes, he is too slow! I would sell him for $5!" Peter hands Ray $5. This is
  2. An offer made in obvious anger is still an effective offer.
  3. T/F? Consideration is the value given in return for a promise.
  4. Sparky offers Teodora $1,000 for her collection of rare coins. She accepts. If a dispute arises, a court would likely
  5. Fresh Fast Service, Inc., offers to deliver produce to Growers' Market's customers for a certain price. Fresh's intent to extend a serious offer to Growers' Market is determined by reference to
  1. a what a reasonable person in Growers' position would conclude Fresh's words and actions meant
  2. b F
  3. c T
  4. d not question the adequacy of the consideration
  5. e not a valid acceptance because Ray's offer was made in jest

5 Multiple choice questions

  1. promise
  2. an express contract
  3. F
  4. the parties' intent.
  5. both a legal and a moral obligation to keep his promise

5 True/False questions

  1. The mirror image rule requires an acceptance to adhere exactly to an offer to create a contract.F


  2. Franzea is injured in an accident caused by Gentry. Gentry agrees to pay Franzea $2,500 if she agrees to release him from further liability. She agrees. If Franzea's damages ultimately exceed $2,500, she can collectT


  3. T/F? Some promises create moral, but not legal, obligations.T


  4. T/F? Browse-wrap terms are arguably not enforceable.T


  5. Quality Sales Corporation enters into contracts over the Internet. Quality can protect itself against disputes involving these contracts by making important termsF