acct275:module3
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| An offer is not terminated by operation of law solely because the | show 🗑
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| the mailbox rules ordinarily makes acceptance of an offer effective at the time the acceptance is dispatched. The mailbox rule does not apply if | show 🗑
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| show | requires manifestation of an intent to accept
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| Mary "Ed if you wanted to sell your table what would you ask for it?" Ed"I suppose $400 would be afair price" Mary"I take it if you have it refinished" Ed"Sold" THUS | show 🗑
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| which of the following is not a required element of a contract | show 🗑
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| Under common law, an acceptance of an offer for a bilateral contract is effective | show 🗑
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| an offer may be accepted | show 🗑
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| which of the following represents the basic distinction between a bilateral and unilateral contract | show 🗑
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| show | the principles of caveat emptor and laissez-faire are less influential
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| show | no contract was formed because the offer was not communicated to the offeree by means chosen by the offeror
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| show | no because Zen did not accept by telegram
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| when a client accepts the services without an agreement concerning payment, the result is | show 🗑
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| Barnes held an auction at her farm to sell tools,animals,leftover crop.Adam bid $50 for a plow and no1 bit against her. The auctioneer did not accept Adam's offer because it was too low. What is the legal effect of the bid & its rejection | show 🗑
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| Mildred saw a vase in store. A tag on the vase said "genuine crystal,$125". Mildred said to the owner,"ill buy it for 125" The owner refused to sell the vase. In a lawsuit brought by Mildred v Milford | show 🗑
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| In which of the following instances will silence by the offeree constiture acceptance | show 🗑
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| The president of Deal Corp. wrote to Boyd offering to sell the Deal factory for $300,000 The offer was sent by Deal on june 5 and was received by Boyd on June 9. The offer stated that it would remain open until Dec20.The offer | show 🗑
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| Certain contracts have absolutely no effect and are not recognized under law. If two or more parties enter into such an agreement it is | show 🗑
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| For an offer to confer the power to form a contract by acceptance, it must have all of the following elements except | show 🗑
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| Carson Corp. asked Alto Cont.2fix a broken window at1 of Carson's stores. Alto offered to make repair within 3 days and the price would be agreed after the work was completed. A contract based on Alto's offer will fail because of indefiniteness as to the | show 🗑
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| show | received by offeror; received by offeree
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| show | the offer cannot be assigned to another party by Blue
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| show | the seller agrees to supply of quantity of pears dependant upon the buyer's will
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| On the 1st of the month Thomas and Moore orally agreed that thomas would delivered a case of fruit to Moore's place on each monday of the current month. Moore must pay $100 on the 1st of the foll. month.On the 15 of da 15 of the month the agrmt | show 🗑
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Created by:
julissaminero