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1.
(p. 326)
Courts interpret contracts using an objective standard.
2.
(p. 331)
Only the offeree to whom an offer is directed can accept the offer.
3.
(p. 332)
Once an offer is made, an offeror has no right to terminate it before receiving a reply.
4.
(p. 334)
An offer by a retailer to purchase seasonal goods from a wholesaler would not lapse
sooner than an offer to purchase goods that could easily be sold all year long.
5.
(p. 335)
There are a limited number of circumstances under which silence can be an acceptance.
6.
(p. 333)
If the subject matter of an offer is destroyed, the offer terminates after 10 days or notice
of the death to the offeree, whichever comes first.
7.
(p. 339)
If an offeree makes a mistake and sends an acceptance to the wrong address, there is an
acceptance upon dispatch.
8.
(p. 339)
An "instructed authorization" occurs if the means by which an acceptance can be
communicated to the offeror is expressly stated in the offer.
9.
(p. 339)
If an acceptance is received after a rejection is received, the acceptance is still valid.
10.
(p. 339)
Under the Mailbox Rule, a valid contract has been formed if a rejection is dispatched, but
before it is received, the acceptance is communicated to the offeror.
11.
(p. 338)
Which of the following was the result in
Alexander v. Lafayette Crime Stoppers Inc.
, the
case in the text in which the plaintiffs sued for collection of reward money offered to catch a
serial killer by the defending publications, and the publications defended on the basis that the
plaintiffs failed to provide notice as required by the reward offers because the plaintiffs provided
relevant information to law enforcement, not the defendants?
12.
(p. 340)
What was the result in the Opening Case in which the plaintiff attempted to buy a jet
from Pepsi for Pepsi points and some additional funds?
13.
(p. 328)
What was the result in the case in the text
Lucy v. Zehmer
involving whether allegations
of joking prevented the formation of the contract involved?
14.
(p. 328)
Constance asks Kathy if Kathy would consider selling her car for $2,000. What is the
status of the negotiation?
15.
(p. 329)
What was the result in the case nugget,
Lefkowitz
v. Great Minneapolis Surplus Store
Inc.
, involving an advertisement for the sale of fur coats?
16.
(p. 330)
If nothing is stated to the contrary in the terms of an auction, an auction is presumed to
be ______.
17.
(p. 330)
In an auction _________, the seller is treated as making an offer to accept the highest bid.
18.
(p. 330)
The __________ terms of a contract are those terms that would allow a court to determine
what the damages would be in the event that one of the parties breaches the contract.
19.
(p. 330)
Which of the following terms would be considered material terms?
20.
(p. 331)
What was the result in the case discussed in the text
Andrus v. State Department of
Transportation, and City of Olympia
in which the plaintiff sued because a job offer was allegedly
revoked?
21.
(p. 339)
Which of the following is true when an offer authorizes a certain mode of acceptance but
does not require it, and an offeree attempts to accept the offer through a method other than the
authorized means?
22.
(p. 332)
Which of the following refers to the right of an offeror to revoke an offer?
23.
(p. 332)
If a person wishes to ensure that an offer will in fact be held open for a set period of time,
the person may do so by entering into a[n] ______________ contract with the offeror.
24.
(p. 332)
As a general rule, when is revocation effective?
25.
(p. 333)
Which of the following is true regarding the termination of an offer based on a rejection?
26.
(p. 333)
Which of the following is an offer made by an offeree to an offeror relating to the same
matter as the original offer and proposing a substituted bargain differing from that proposed by
the original offer?
27.
(p. 333)
If a[n] __________ contract exists, the administrator of an offeror's estate must hold the
offer open until it expires in accordance with the contract.
