Business Law Chapter 14 2 when acceptance is examined under the common law, how do the 

subject Type Homework Help
subject Pages 13
subject Words 1212
subject Authors Carrie Williamson, Daniel Herron, Linda Barkacs, Lucien Dhooge, M. Neil Browne, Nancy Kubasek

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page-pf1
28.
(p. 333)
If the subject matter of an offer is destroyed, the offer _______.
page-pf2
29.
(p. 333)
If the subject matter of an offer becomes illegal, what is the result?
page-pf3
30.
(p. 334)
In the absence of a time condition in an offer, the offer will expire _________.
page-pf4
31.
(p. 334)
Which of the following is presumed to be a reasonable amount of time when considering
whether an offer has expired?
page-pf5
32.
(p. 336)
Which of the following is true regarding acceptable means of acceptance if no means of
communicating an acceptance is specified in an offer?
page-pf6
33.
(p. 334)
In which of the following ways may an offeree accept a unilateral contract?
page-pf7
34.
(p. 334)
Gretchen offers $100 to anyone who can return her lost dog, Sparky. Haley returns the
dog and requests the money. Gretchen says that there is no binding contract. Which of the
following is true regarding Gretchen's statement?
page-pf8
35.
(p. 334)
When acceptance is examined under the common law, how do the basic requirements for
a valid acceptance compare with those for a valid offer?
page-pf9
36.
(p. 335)
Trudy signs a contract with ABC Book Club without reading it. The contract provides that
new books will be sent to her eBook reader every month unless she sends notification rejecting
the receipt of new books. Which of the following is true regarding whether the contract is
binding?
page-pfa
37.
(p. 336)
Which of the following is false regarding how the Japanese tend to view contracts?
page-pfb
38.
(p. 335)
What have most states done with regard to unsolicited merchandise received from a
seller?
page-pfc
39.
(p. 335)
Inez, wishing to sell a used business law book, calls Janice and tells her that if she does
not hear from her within twenty-four hours, she will assume that Janice wishes to purchase the
book for $50. Which of the following is correct regarding the status of the proposed book sale?
page-pfd
40.
(p. 336)
Which of the following sets forth the common law rule that the terms of an acceptance
must mirror the terms of an offer?
page-pfe
41.
(p. 336)
Which of the following is generally true if no means of communicating an acceptance is
specified in an offer?
page-pff
42.
(p. 336)
Which of the following provides that an acceptance is valid when it is placed in the
mailbox?
43.
(p. 336)
Which of the following provides that a revocation is effective only when received by the
offeree?
page-pf10
44.
(p. 339)
Tina tells Barry that she will mow his yard for the summer for $800. Barry thinks about it
and drops a note in the mail to Tina telling her that he rejects her offer. He thinks about it,
however, and calls her to tell her that he accepts the offer before she receives his rejection.
Which of the following is true under the mailbox rule?
page-pf11
45.
(p. 326)
Which of the following is true regarding the Uniform Commercial Code?
page-pf12
46.
(p. 328)
Which of the following is true regarding distinguishing an offer from an invitation to
negotiate?
page-pf13
47.
(p. 334)
Which of the following was the result in the case in the text
Adone
v. Paletto
involving the
rejection of a purported acceptance of an offer of compromise because it was not made within
the time limit of 10 days specified in the offer?

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