Chapter 10 Flashcards
1
Q
Court apply the subjective theory of contracts when determining whether intent to contract existed
A
False. Court apply the objective theory of contracts based on the reasonable person
2
Q
The UCC often creates ______ _______ where no contract would result under common law
A
Contractual liability
3
Q
An offer requires
A
Intent and communication to offeree
Definiteness of terms
4
Q
Which is not an invitation to negotiate
A
Offer or reward
