Question 1

Ashley says to Bob: "I promise to pay you $20 if you will shovel my sidewalk." Bob begins to shovel,and soon he has 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.

Accepted Answer

Bob can recover against Ashley in contra...

Question 2

The offeror's death automatically terminates an offer,but the offeree's death does not.

Accepted Answer

A) True 
 B)False

Question 3

Sara tells Kate that she will give her $50 to clean her garage.When Kate is halfway done,Sara decides to revoke her offer.Is this a valid revocation?

Accepted Answer

A)   Yes,because Sara is the master of the offer here.
B)   Yes,because Sara can revoke the offer any time she feels like.
C)   No,because this is a valid contract that cannot be revoked.
D)   No,because this is now a bilateral contract.E) None of the above
F) A) and B)

Question 4

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?

Accepted Answer

A)   An offer for a unilateral contract
B)   An invitation for an offer
C)   An invitation for a gift
D)   An acceptance on a bilateral promiseE) B) and C)
F) B) and D)

Question 5

Which of the following is an exception to the general rule that rejections terminate offers?

Accepted Answer

A)   Unilateral contracts
B)   Bilateral contracts
C)   Firm offers
D)   Option contractsE) B) and C)
F) B) and D)

Question 6

A revocation is effective at the time it is dispatched by the offeror.

Accepted Answer

A) True 
 B)False

Question 7

When is the revocation of an offer effective?

Accepted Answer

A)   When received by the offeror
B)   When received by the offeree
C)   When sent by the offeree
D)   When sent by the offerorE) None of the above
F) A) and B)

Question 8

A(n) _____ is a separate contract in which an offeror agrees not to revoke her offer for a stated time in exchange for some valuable consideration.

Accepted Answer

A)   offer
B)   option
C)   bid
D)   advertisementE) A) and B)
F) C) and D)

Question 9

Ian,a lawyer,sent an offer to Raymond on October 1 offering to sell Ian's car for $5,000.The offer did not contain a provision stating when it would terminate.Under these circumstances,when will that offer terminate?

Accepted Answer

A)   After 5 days,as per the "5 day rule."
B)   After 10 days,as per the "10 day rule."
C)   After a "reasonable" period of time.
D)   When either Ian or Raymond terminates it.E) C) and D)
F) B) and D)

Question 10

An offer is the first step in the contract formation process.

Accepted Answer

A) True 
 B)False

Question 11

Courts look at parties' outward manifestations of intent as a requirement to enforce a contract.This is called the subjective standard of intent.

Accepted Answer

A) True 
 B)False

Question 12

What legal effect does death or insanity of the offeror have on the offer?

Accepted Answer

A)   It terminates the offer automatically.
B)   It terminates only the last contract that has been formed with that offeror.
C)   It has no legal effect unless and until the offeree is notified of the death of the offeror.
D)   It makes the offer voidable.E) A) and B)
F) None of the above

Question 13

In order to meet the requirements to form a contract the parties must have a future intent to agree and form a contract.

Accepted Answer

A) True 
 B)False

Question 14

Sellers at a public auction are treated as makers of an invitation to offer.

Accepted Answer

A) True 
 B)False

Question 15

Generally speaking,the UCC's rules for the definiteness of an offer make it easier to form a contract than traditional common law rules.

Accepted Answer

A) True 
 B)False

Question 16

Gail offers to sell Belinda 1000 boxes of nails,but forgets to state the price.All other material terms are present,however.Belinda accepts,but later wants to back out of the deal,arguing that the offer is indefinite.Is there a contract here? Why or why not? Assume that at the time of the deal the parties intended to make a contract.Assume also that there was an established market price for the nails in question here.

Accepted Answer

We have a sale of goods,so Article 2 of ...

Question 17

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

Accepted Answer

A)   bids.
B)   unenforceable contracts.
C)   invitations to offer.
D)   unilateral contracts.E) A) and C)
F) C) and D)

Question 18

Ads that limit the power of acceptance to one offeree or a small number of offerees,are highly specific about the nature and number of items offered for sale and what is requested in return is considered to be _____.

Accepted Answer

A)   offers
B)   invitations to negotiate
C)   invitations to offer
D)   obligationsE) C) and D)
F) A) and B)

Question 19

Generally speaking,advertisements are considered to be offers.

Accepted Answer

A) True 
 B)False

Question 20

The term for the person who makes an offer as part of a contract formation is called?

Accepted Answer

A)   Offeree
B)   Offeror
C)   Leasor
D)   IncorporatorE) A) and B)
F) C) and D)

Exam 10: The Agreement: Offer

When is the revocation of an offer effective?

Correct Answer
verified

Correct Answer
verified
Bob can recover against Ashley in contra...
View Answer

A(n) _____ is a separate contract in which an offeror agrees not to revoke her offer for a stated time in exchange for some valuable consideration.

Correct Answer
verified

The term for the person who makes an offer as part of a contract formation is called?

Correct Answer
verified

Ian,a lawyer,sent an offer to Raymond on October 1 offering to sell Ian's car for $5,000.The offer did not contain a provision stating when it would terminate.Under these circumstances,when will that offer terminate?

Correct Answer
verified

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?

Correct Answer
verified

Which of the following is an exception to the general rule that rejections terminate offers?

Correct Answer
verified

An offer is the first step in the contract formation process.

Correct Answer
verified

Generally speaking,advertisements are considered to be offers.

Correct Answer
verified

Sellers at a public auction are treated as makers of an invitation to offer.

Correct Answer
verified

A revocation is effective at the time it is dispatched by the offeror.

Correct Answer
verified

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

Correct Answer
verified

Sara tells Kate that she will give her $50 to clean her garage.When Kate is halfway done,Sara decides to revoke her offer.Is this a valid revocation?

Correct Answer
verified

In order to meet the requirements to form a contract the parties must have a future intent to agree and form a contract.

Correct Answer
verified

Generally speaking,the UCC's rules for the definiteness of an offer make it easier to form a contract than traditional common law rules.

Correct Answer
verified

Correct Answer
verified
We have a sale of goods,so Article 2 of ...
View Answer

Courts look at parties' outward manifestations of intent as a requirement to enforce a contract.This is called the subjective standard of intent.

Correct Answer
verified

What legal effect does death or insanity of the offeror have on the offer?

Correct Answer
verified

The offeror's death automatically terminates an offer,but the offeree's death does not.

Correct Answer
verified

Ads that limit the power of acceptance to one offeree or a small number of offerees,are highly specific about the nature and number of items offered for sale and what is requested in return is considered to be _____.

Correct Answer
verified

Exam 10: The Agreement: Offer

When is the revocation of an offer effective?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedBob can recover against Ashley in contra...View AnswerShow Answer

A(n) _____ is a separate contract in which an offeror agrees not to revoke her offer for a stated time in exchange for some valuable consideration.

Correct AnswerverifiedShow Answer

The term for the person who makes an offer as part of a contract formation is called?

Correct AnswerverifiedShow Answer

Ian,a lawyer,sent an offer to Raymond on October 1 offering to sell Ian's car for $5,000.The offer did not contain a provision stating when it would terminate.Under these circumstances,when will that offer terminate?

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

Which of the following is an exception to the general rule that rejections terminate offers?

Correct AnswerverifiedShow Answer

An offer is the first step in the contract formation process.

Correct AnswerverifiedShow Answer

Generally speaking,advertisements are considered to be offers.

Correct AnswerverifiedShow Answer

Sellers at a public auction are treated as makers of an invitation to offer.

Correct AnswerverifiedShow Answer

A revocation is effective at the time it is dispatched by the offeror.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Sara tells Kate that she will give her $50 to clean her garage.When Kate is halfway done,Sara decides to revoke her offer.Is this a valid revocation?

Correct AnswerverifiedShow Answer

In order to meet the requirements to form a contract the parties must have a future intent to agree and form a contract.

Correct AnswerverifiedShow Answer

Generally speaking,the UCC's rules for the definiteness of an offer make it easier to form a contract than traditional common law rules.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedWe have a sale of goods,so Article 2 of ...View AnswerShow Answer

Courts look at parties' outward manifestations of intent as a requirement to enforce a contract.This is called the subjective standard of intent.

Correct AnswerverifiedShow Answer

What legal effect does death or insanity of the offeror have on the offer?

Correct AnswerverifiedShow Answer

The offeror's death automatically terminates an offer,but the offeree's death does not.

Correct AnswerverifiedShow Answer

Ads that limit the power of acceptance to one offeree or a small number of offerees,are highly specific about the nature and number of items offered for sale and what is requested in return is considered to be _____.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Bob can recover against Ashley in contra...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
We have a sale of goods,so Article 2 of ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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