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BLAW 3201 Mindtap Chapter 10 Review
Terms in this set (13)
For purposes of general contract law (common law), an offer must:
a. be sufficiently definite and certain.
b. be made to only to one person.
c. be intended by the offeror to be an offer.
d. All of these are correct.
To be effective, an offer must:
a. be in a specified format.
b. be communicated to the offeree
c. always contain the price of a product or service offered.
d. be spoken directly to the offeree.
Retail stores typically put advertisements in newspapers describing goods and stating prices. These ads are generally considered to be:
a. offers only if they are made by merchants
b. offers only if they are not made by merchants.
c. invitations to buyers to make an offer to buy the goods described.
d. firm offers.
If an offer has no stated time by which it must be accepted, when does the offer terminate?
b. After one week.
c. After one month.
d. After a reasonable period of time.
Which of the following will terminate an offer?
a. Rejection by the offeror.
b. Subsequent illegality of the purpose but not of the subject matter of the offer.
c. Destruction of the subject matter of the offer.
d. Death of the offeree but not of the offeror.
The mirror image rule relates to which required element of a contract?
a. The offer.
b. The acceptance.
c. Both the offer and the acceptance.
d. Only to acceptances in contracts subject to UCC.
Which is NOT a correct about the UCC's "Battle of the Forms" rule?
a. The UCC battle of the forms rule is what common law calls the mirror image rule.
b. The UCC battle of the forms rule changes the common law's mirror image rule.
c. The UCC battle of the forms rule may result in a contract with terms that are not identical to the terms included in the offer.
d. What gets included in the final contract terms may depend upon whether the parties are merchants.
According to general (common) contract law, the __________ must be the __________ of the offer.
a. counteroffer; acceptance
b. acceptance; mirror image
c. acceptance; consideration
d. contract; revocation
An offer for the sale of goods under the UCC:
a. must include a price.
b. must include the quantity.
c. must be made by a merchant.
d. must include the time and place of delivery.
Who would likely be considered a merchant under the UCC with respect to the goods in question?
a. An authorized Apple computer dealer selling accessories for Apple computers and Apple-related products.
b. An authorized Apple computer dealer selling the old shelving in the Apple store that was used to display the Apple products before the store was redecorated.
c. An authorized Apple computer dealer selling household goods at a yard sale at his home.
d. All of these are correct
Which of the following offers cannot be revoked?
a. Any offer by a merchant under the UCC.
b. Any offer that is in writing that promises to leave the offer open for three months or less.
c. Any offer that is in writing, signed, and promises to leave the offer open whether it is made by a merchant or not.
d. All of these are incorrect.
When is there an effective acceptance of an offer to enter into a unilateral contract?
a. When the offeree says he probably will do what was asked of him in the offer.
b. When the offeree begins to do what was asked of him in the offer.
c. When the offeree has substantially but not fully performed what was asked of him in the offer.
d. When the offeree has fully performed what was asked of him in the offer.
How do parties usually show mutual assent?
a. By one party making an offer and the other party making a counteroffer.
b. By one party making an offer in writing and the other party accepting in writing.
c. By one party making an oral offer and the other party accepting by performing.
d. By one party making an offer in words or by conduct and the other party accepting in words or by conduct.
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