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Chapter 8 Assessment Answers
Matching Key Terms
1. b 6. j
2. e 7. f
True/False Quiz
11. T 16. T
12. T 17. T
Discussion Questions
21. Uncertainty in offers and acceptances can result from verbal communications and faulty
23. Numerous time factors might be important in offers and acceptances including: the availability
Thinking Critically About the Law
29. The law regards a counteroffer as a rejection. The general rule of contract provides that the
30. A direct, unqualified rejection, or refusal to accept, terminates an offer. The offer, once rejected
31. It may at times be appropriate to accept a bid that is not the lowest if, for example, there have
Case Questions
32a. N
33a. N
34a. N
Case Analysis
35. Principle of law: When the text of a bid specifically states that it is not a firm offer, the court
36. Principle of law: A counteroffer, that is, a conditional, or qualified, acceptance of an offer, is
37. Principle of law: There is an exception to the rule against acceptance by silence where an
38. Principle of law: Advertisements are usually considered invitations to trade, except in cases
Legal Research
39. Results of the team research will vary depending on the retailers chosen, but they will probably
BONUS ACTIVITIES
Direct an in-class discussion on how advertisement is generally regarded as an invitation to
