Filters
Question type

Study Flashcards

Richie,a user of SmartPhoneApps.com's Web site,can download apps for free if he first clicks on "I accept" after viewing certain terms. This is


A) a contract that does not include the terms.
B) a contract that includes the terms.
C) not a contract but the terms are enforceable.
D) unenforceable.

E) A) and D)
F) A) and C)

Correct Answer

verifed

verified

No offer can be accepted by silence.

A) True
B) False

Correct Answer

verifed

verified

A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction.

A) True
B) False

Correct Answer

verifed

verified

Barney offers to sell his Call Marketing Center business to Domino for $100,000. Domino replies,"The price is too high. I will offer to buy it for $90,000." Domino has


A) accepted the offer.
B) made a counteroffer without rejecting the offer.
C) rejected the offer and made a counteroffer.
D) rejected the offer without making a counteroffer.

E) C) and D)
F) B) and D)

Correct Answer

verifed

verified

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


A) transact business electronically.
B) submit to the recipient'sjurisdiction.
C) respond to e-mail sent to that address.
D) nothing.

E) B) and D)
F) B) and C)

Correct Answer

verifed

verified

In a bilateral contract,communication of acceptance is necessary.

A) True
B) False

Correct Answer

verifed

verified

Rafi offers a tour of Bay Harbor aboard his sailboat,Sea Siren,to Tiara's Travel Group for $500. Referring to the prices for similar tours,Tiara's says,"We'll pay no more than $400." Rafi's offer is


A) still open.
B) terminated.
C) rejected and subject to a counteroffer.
D) revoked.

E) A) and B)
F) C) and D)

Correct Answer

verifed

verified

Pacific Charter Company offers to provide an air-conditioned bus to Quincy's tour group for $1,500 plus the cost of the fuel. The mailbox rule applies if Quincy accepts the offer by


A) e-mail.
B) phone.
C) regular mail.
D) any of the choices.

E) A) and D)
F) B) and D)

Correct Answer

verifed

verified

Fresh Fast Service,Inc.,offers to deliver produceto Growers' Market's customers for a certain price. Fresh's intent to extend a serious offer to Growers' Market is determined by reference to Fresh's


A) assumptions.
B) beliefs.
C) intentions.
D) words and conduct.

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

An option contract is created when an offeror promises to hold an offer open for a specified period of time in return for a payment given by the offeree.

A) True
B) False

Correct Answer

verifed

verified

Signe offers to sell Thom her textbook but conditions the sale on Thom ac-cepting the offer by March 1. Signe may revoke the offer


A) beforeThom accepts the offer.
B) before March 1,whether or not Thom has accepted the offer.
C) only after Thom accepts the offer.
D) only after March 1.

E) C) and D)
F) B) and C)

Correct Answer

verifed

verified

Beth goes to Dr. Carlton for surgery. Carlton says that Beth should be fully healed within a week. Beth is not healed within a week. With respect to breach of contract,Carlton is


A) liable.
B) not liable,because surgery is not a proper sub-ject for a contract.
C) not liable,because the statement was an opinion.
D) not liable,but Beth is excused from paying Carlton.

E) B) and C)
F) None of the above

Correct Answer

verifed

verified

Naomi tells Ogden,who has no knowledge of Shakespearean comedy,that she will tutor him in the subject for $50. As an offer,this is


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

E) All of the above
F) None of the above

Correct Answer

verifed

verified

An invitation to negotiate-"can you afford this?"-is an offer.

A) True
B) False

Correct Answer

verifed

verified

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

A) True
B) False

Correct Answer

verifed

verified

Pastry Dough,Inc.,sends its catalogue to Octavio and includes a "per-son-alized" letter inviting him to buy any item in it at the ad-vertised price. This is


A) an offer because of the "person-alized" letter.
B) an offer because there is no room for price negotiation.
C) an offer only if Octavio previously bought items from Pastry Dough.
D) not an offer.

E) A) and C)
F) None of the above

Correct Answer

verifed

verified

An invitation to negotiate is an agreement.

A) True
B) False

Correct Answer

verifed

verified

An offeror's subjective intent determines the effectiveness of an offer.

A) True
B) False

Correct Answer

verifed

verified

Pete negotiates a deal for the sale of certain real estate to Owen. Pete promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer


A) the deal is binding except for Pete's promise to hold the offer open.
B) a reasonable period of time is implied.
C) Pete must hold the offer open for an indefinite period.
D) the deal is done.

E) B) and C)
F) All of the above

Correct Answer

verifed

verified

There are no revocable offers.

A) True
B) False

Correct Answer

verifed

verified

Showing 21 - 40 of 72

Related Exams

Show Answer