A) Zack will win because under an objective standard,it appears he was joking.
B) Edwin will win because Zack properly made an offer that Edwin accepted.
C) Zack will win because under a subjective standard he was joking.
D) Zack will win because he was merely expressing possible interest.
E) Zack will win because Edwin did not properly accept.
G) C) and E)
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A) The offeror is the "adjudicator of his offer."
B) The offeror is the "master of his offer."
C) The offeror is the "controller of his offer."
D) The offeror is the "arbiter of his offer."
E) The offeror is the "proponent of his offer."
G) A) and E)
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A) No,because Tom only called and did not come with the money for the car.
B) No,because an offeror is master of his offer and can revoke it at any time.
C) Yes,because an offeror is master of his offer and can revoke it at any time.
D) No,because the mailbox rule says that a revocation becomes valid when it is mailed.
E) Yes,because the offer stated it would be open for a period of time and it was accepted before the revocation reached the offeree.
G) A) and E)
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A) Significant
B) Identifiable
C) Adequate
D) Material
E) Important
G) A) and B)
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A) Jasmine is correct because there is no binding bilateral contract.
B) Jasmine is correct because there is no binding unilateral contract.
C) Jasmine is incorrect because there is a binding unilateral contract which Kayla accepted by performing.
D) Jasmine is correct because Kayla acted incorrectly by her manner of attempted acceptance.
E) Jasmine is incorrect because there is a binding bilateral contract.
G) A) and B)
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B) False
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A) Peter is not entitled to payment because a bilateral contract was involved that could only be accepted by full performance prior to revocation.
B) Peter is not entitled to payment because a unilateral contract was involved that could only be accepted by full performance prior to revocation.
C) Peter is entitled to recover because a bilateral contract was involved,and he was entitled to a reasonable amount of time to complete the job.
D) Peter is entitled to recover because a unilateral contract was involved,and he was entitled to a reasonable amount of time to complete the job.
E) Peter is entitled to only a proportional recovery based on the amount of work he had done prior to the revocation because Judith always retained the right to validly revoke.
G) A) and D)
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A) The Parallel Rule
B) The Matching Rule
C) The Mirror Image Rule
D) The Complete Rule
E) The Exact Rule
G) D) and E)
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A) An objective standard.
B) A negligence standard.
C) A common law reasonableness standard.
D) A subjective standard.
E) A subjective reasonableness standard.
G) C) and E)
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B) False
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A) It terminates,but only if the counteroffer specifically states that the original offer is unacceptable.
B) It remains in effect in all circumstances.
C) It remains in effect only if the original offer specified a designated acceptance time.
D) It terminates
E) It remains in effect unless the counteroffer is materially different.
G) A) and B)
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A) An invitation to negotiate is not an offer because it does not express any wiliness to be bound by an acceptance.
B) An invitation to negotiate is an offer.
C) An invitation to negotiate is not an offer because there is no way to determine the reasonable intent of the negotiating parties.
D) An invitation to negotiate is not an offer because the invitation does not apply to a specific offeree.
E) An invitation to negotiate is not an offer because an offer becomes an offer only when accepted.
G) A) and D)
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A) Quantity,quality,and subject matter,but not price or parties
B) Subject matter,price,parties,quality,and quantity
C) Subject matter but not price,quantity,quality,or parties
D) Price and subject matter,but not quantity,quality or parties
E) Subject matter,quality,and price,but not quantity or parties
G) C) and D)
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A) The Mailbox Rule
B) The Acceptance Rule
C) The Contract Rule
D) The Reasonable Rule
E) The Contract Legality Rule
G) C) and D)
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A) Whether an offer in fact existed depends solely on whether an acceptance of the alleged offer was made immediately so that the offeror knew he or she was bound.
B) Whether an offer in fact existed is a mixed question of law and fact.
C) Whether an offer in fact existed is a question of law.
D) Whether an offer in fact existed is a question of fact.
E) Whether an offer in fact existed depends solely on whether the alleged offer included a specific price.
G) B) and D)
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A) No,because advertisements can never be offers.
B) No,it is an offer to make an offer.
C) Yes,because all advertisements are offers.
D) No because it does not reflect Tonya's specific intent to make an offer.
E) Yes,because it specified a limited quantity and provided a specific means by which the offer could be accepted.
G) B) and C)
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B) False
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A) With controls
B) With reserve
C) Without reserve
D) Without qualifications
E) Without controls
G) B) and C)
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A) It applies only to clarify common law in situations in which the common law is unclear.
B) It applies in all situations involving agreements.
C) Some elements of a contract under the common law have been modified under the UCC for contracts for the sale of goods.
D) It applies only in situations not addressed at all by the common law.
E) It does not affect the making of an agreement and only applies after an agreement is formed.
G) A) and D)
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B) False
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