Chapter 12 Book set

Question 1

Rejection of an offer is effective only when it is actually received.

Answer 1

True

Question 2

A request to negotiate is an offer.

Answer 2

False

Question 3

A offer can be revoked by the performance of an act that is inconsistent with the existence of an offer and that is made known to the offeree.

Answer 3

True

Question 4

Acceptance of an e-contract must show that the offeree voluntarily assented to the offer’s terms.

Answer 4

True

Question 5

An offer can be accepted by the offeree or any third party.

Answer 5

False

Question 6

The primary purpose of the Uniform Electronic Transactions Act is to create new rules for electronic contracts.

Answer 6

False

Question 7

The offeror can revoke the offer only be expressing repudiating it.

Answer 7

False

Question 8

Rena asks Sully, “Do you want to pay me to repair your forklift?” This is

Answer 8

not an offer, because the terms are not definite.

Question 9

Ordinarily, one can agree to a bargain without knowing that it exists.

Answer 9

False

Question 10

Pye tries to start his car with no success. He yells that he will sell the car to anyone for $10. Qua, a passerby, hears Pye’s yell. This is not an effective offer because it lacks

Answer 10

serious intent.

Question 11

Acceptance is timely if it is effective before the offer is terminated.

Answer 11

True

Question 12

In effect, a counteroffer converts the original offeror into an offeree with the power of acceptance

Answer 12

True

Question 13

Pastries Inc. sends Rollo its catalogue showcasing a variety of baked goods for certain prices. This is

Answer 13

an ad, not an offer

Question 14

Because so much e-commerce involves parties in the United States, the preeminence of U.S. law in this area is not likely to be challenged in the future.

Answer 14

False

Question 15

An ad for the New Plays Festival asks playwrights to submit their work and “we might produce it for the world.” Oded submits a play with a note that states, “I accept.” Between the Festival and Oded, there is

Answer 15

*none of the choices
a contract to negotiate with Oded to produce the play.
a contract to consider producing Oded’s play.
a contract to produce Oded’s play.

Question 16

Khe says, “I plan to sell my Apple stock.” This is not an offer because

Answer 16

a statement of future intent to do something in the future is not an offer.

Question 17

If the offeror does not expressly specify a certain mode of acceptance, then acceptance can be made by any means, whether or not it is “reasonable.”

Answer 17

False

Question 18

Fresh Agro Inc. offers to deliver produce to Growers’ Market for a certain price. Fresh’s intent to extend an offer is determined by reference to Fresh’s

Answer 18

words and actions

Question 19

One element necessary for an effective offer is the offeror’s good faith belief in its reasonableness.

Answer 19

False

Question 20

Anton tells Brooke, who has no knowledge of Shakespearean comedy, that he will tutor her in the subject for $50. As an offer, this is

Answer 20

effective

Question 21

Two disinterested parties are required for an offer to be effective.

Answer 21

False

Question 22

Acceptance may consist of words or conduct

Answer 22

True

Question 23

A preliminary agreement can constitute a binding contract if the parties have agreed on all essential terms.

Answer 23

True

Question 24

Rico, an auctioneer, puts a semi-truck and trailer up for auction. Rico is

Answer 24

the offeree

Question 25

Posting an item for sale on an online auction site is an offer to form a contract.

Answer 25

False

Question 26

For a contact to be considered valid and enforceable, the parties to a deal must

Answer 26

manifest their voluntary consent to the same bargain.

Question 27

An offer made in undue excitement is an effective offer.

Answer 27

False

Question 28

The offeree must accept the offer without adding or changing any terms.

Answer 28

True

Question 29

Before the UETA applies, each party to a transaction must agree to conduct it by electronic means.

Answer 29

True

Question 30

An invitation to submit bids is an offer.

Answer 30

False

Question 31

The U.S. Department of Justice needs to have construction work done on a federal courthouse. The agency asks contractors to submit bids. This is

Answer 31

an invitation to submit offers, not an offer itself.

Question 32

An offer terminates automatically when the period of time specified in the offer has passed.

Answer 32

True

Question 33

An expression of opinion can indicate an intent to enter into a binding agreement.

Answer 33

False

Question 34

Bo admires Cid’s collection of coins. Bo asks, “Will you sell it?” This statement is

Answer 34

not an offer, because it is a request

Question 35

The offeror’s intention to become bound by the offer must be subjectively clear.

Answer 35

False

Question 36

Maeve posts her motorcycle for sale on an online auction site. This is

Answer 36

an invitation to negotiate, not an offer

Question 37

An exchange of e-mails cannot create a complete and unambiguous binding agreement.

Answer 37

False

Question 38

An agreement exists when one party offers a certain bargain to another party.

Answer 38

False

Question 39

Acceptance of an offer by a method not authorized by the offeror renders the offer invalid.

Answer 39

False

Question 40

Olen decides to sell his ranch, Pine Valley, in a live auction. When the auctioneer puts the property up for bids, it will be

Answer 40

an invitation to submit offers, not an offer itself.

Question 41

An offer must express reasonably definite terms to be effective—no term may be reasonably inferred.

Answer 41

False

Question 42

Merely inquiring about an offer constitutes rejection.

Answer 42

False

Question 43

In general, a price list may be construed as an offer.

Answer 43

False

Question 44

For a court to determine if a contract has been breached and to give an appropriate remedy, the offer must include terms that are at least

Answer 44

reasonably definite

Question 45

A click-on agreement can indicate the acceptance of an online offer.

Answer 45

True

Question 46

An offer must be expressed in plain language to be effective.

Answer 46

False

Question 47

An agreement to agree to the material terms of a contract at some future date may be enforceable.

Answer 47

True

Question 48

Lon says to Misty, “I would like to sell you my sofa.” This statement is

Answer 48

an invitation to negotiate, not an offer

Question 49

Shrink-wrap terms are enforceable even if a buyer does not discover them until after the parties have entered into a contract.

Answer 49

False

Question 50

The power of acceptance continues forever.

Answer 50

False