Chapter 11 Flashcards

1
Q

Under the UCC, acceptances do not have to be identical to the terms of the offer.
true or false

A

true

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2
Q

Only an offeree can accept an offer.
true or false

A

true

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3
Q

Generally speaking, which of the following controls the terms of the offer?

Multiple Choice

Beneficiary

Offeror

Independent contractor

Offeree

A

Offeror

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4
Q

A promise exchanged for an act is a(n):

Multiple Choice

Bilateral contract

Unilateral contract

Implied contract

Express contract

A

Unilateral contract

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5
Q

A seller may not accept an offer by shipping the goods.
true or false

A

False

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6
Q

Any attempt by the offeree to materially alter the terms of the offeror’s offer results in a(n):

Multiple Choice

Counteroffer

Acceptance

Bilateral contract

Rejection

A

Counteroffer

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7
Q

Which of the following is true of the Uniform Commercial Code (UCC) regarding acceptance by shipment?

Multiple Choice

It says that a seller who ships “nonconforming goods” has accepted the contract if the seller reasonably notifies the buyer that such a shipment is intended as an “accommodation” to the buyer.

It says that a seller who ships “nonconforming goods” has failed to breach a contract.

It specifically says that an order requesting “current” shipment of goods impliedly refuses acceptance.

It forces the seller to give the buyer timely notice of his inability to fill an order.

A

It forces the seller to give the buyer timely notice of his inability to fill an order.

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8
Q

According to the Uniform Commercial Code (UCC), if one or both parties are nonmerchants, additional terms proposed by the offeree automatically become part of the agreement unless the offer expressly limited acceptance to its own terms.
true or false

A

false

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9
Q

Silence can create valid acceptance.
true or false

A

true

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10
Q

The offeree may stipulate in the offer the time, place, or method of communicating acceptance.
true or false

A

false

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11
Q

The Uniform Commercial Code exception to the mirror image rule is:

Multiple Choice

Promissory Estoppel

Statute of Frauds

Battle of the Forms

Parol Evidence Rule

A

Battle of the Forms

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12
Q

The Uniform Commercial Code (UCC) has created an exception to the __________ in cases where contracts for the sale of goods are made by exchanging forms.

Multiple Choice

mirror image rule

statute of frauds

parol evidence rule

substantial performance doctrine

A

mirror image rule

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13
Q

Paul sends Kristy an order for 200 china plates for his restaurant. Since her supplier is late and her stock is low, Kristy sends Paul 100 china plates and 100 china bowls with no explanation. Which of the following is true regarding the status of the parties?

Multiple Choice

Kristy has both accepted and breached the contract, and the shipment is considered a counteroffer.

Paul must accept the shipment, but Kristy must give him a discount.

Paul must accept the shipment, but he may sue in order to recover the remaining goods due under the contract.

Paul must accept the shipment and has no rights to sue Kristy because the deficiency was unavoidable.

A

Kristy has both accepted and breached the contract, and the shipment is considered a counteroffer.

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14
Q

Laura offered to sell Louis a tract of land. The offer was complete and certain as to all material terms. The offer stated that a telegraphed acceptance was required. Within a reasonable time, Louis telephoned Laura to accept. Which of the following is a true statement about this situation?

Multiple Choice

Louis has accepted because a telephone call is a reasonable means of acceptance.

Louis can use promissory estoppel to enforce a contract here.

Louis’s telephone call would be a good acceptance as this case involves a sale of goods.

Louis has not accepted and there is no contract.

A

Louis has not accepted and there is no contract.

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15
Q

Like an offer, acceptance is subjectively determined.
true or false

A

false

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16
Q

Jane tells Mark that she would pay him $50 if he finds her lost bag. This is an example of a __________ contract.

Multiple Choice

bilateral

multilateral

contingent

unilateral

A

unilateral

17
Q

If the offeree sends both an acceptance and a rejection of an offer, whichever response reaches the offeror first will determine whether a contract is created.
true or false

A

true

18
Q

Phillip sends Saul an offer by letter via certified mail, but does not specify a means of response. Neither Phillip nor Saul is a merchant. Saul sends Phillip an e-mail, accepting his offer which Philip received. Saul’s means of acceptance is:

Multiple Choice

Reasonable and effective

Reasonable and effective only if the parties had communicated through e-mail in the past.

Unauthorized and ineffective but only because both parties are not merchants; otherwise, the response would have been reasonable and effective.

Unauthorized and ineffective

A

Reasonable and effective

19
Q

Which of the following is incorrect regarding the UCC’s Battle of the Forms regarding additional terms in the offeree’s form when both parties are merchants?

Multiple Choice

Additional terms are included in the agreement unless the offeror gives notice of objection to the new terms within a reasonable time after receiving the acceptance.

Additional terms are included in the agreement unless the offer expressly limited acceptance to its own terms.

Additional terms are included in the agreement unless the new terms would materially alter the offer.

Additional terms are included in the offer unless the new terms alter the time for delivery.

A

Additional terms are included in the offer unless the new terms alter the time for delivery.

20
Q

The only person with the legal power to accept an offer and create a contract is the original offeror (or his or her agent).
true or false

A

false