Bus Law Final Ch 12

question

to create on offer, an offeror must intent, or appear to intend to be bound to a contractual relationship
answer

true
question

generally, advertisements, etc. are offers that can be accepted
answer

false
question

social invitations can be offers
answer

false
question

the bid of each contractor for a job is considered an offer
answer

true
question

if an offer is indefinite or vague, an attempted acceptance will not form a contract
answer

true
question

a court will do its best to find the intent of parties to an agreement provided that the agreement is not too indefinite
answer

true
question

a vague contract may be clarified by references in the contract to other documents or agreements
answer

true
question

an agreement cannot be enforced it it does not set forth every detail
answer

false
question

contract terms may not be implied from conduct
answer

false
question

a term of written contract that is too vague to have a definite meaning sometimes may be ignored
answer

true
question

an agreement is not too indefinite to be binding if a standard or formula is provided by which variable factors can be determined
answer

true
question

a contract to buy all the buyer’s requirements from the seller at a standard price is too vague to be a contract
answer

false
question

a person returning lost property without knowing that a reward was offered cannot sue the owner for the reward
answer

true
question

an offer is effective only if it is communicated by the offeror in person
answer

false
question

an offer gives the offeror the power to bind the offeree by contract
answer

false
question

a revocation of an offer ordinarily is effective only when it is made known to the offeree
answer

true
question

offers, acceptances of offers, and revocations of offers are all effective when mailed in a properly addressed envelope bearing the proper amount of postage
answer

false
question

revocations are effective when they are received by the offeree
answer

true
question

an option is itself a contract to refrain from revoking an offer
answer

true
question

a firm offer cannot be revoked
answer

true
question

counteroffers are limited to offers that directly contradict the original offer
answer

false
question

if no time is stated for the duration of an offer, it continues indefinitely if the offer related to durable goods or lands
answer

false
question

if an offer does not state how long it shall remain open, it remains open for ten days
answer

false
question

in most cases, an offeree may ignore any offer
answer

true
question

an acceptance must be absolute and unconditional
answer

true
question

the addition of any new terms in the acceptance, including terms that relate to more clerical detail, converts the acceptance into a county offer
answer

false
question

unordered merchandise sent by a mail-order house must be returned to the sender or purchased at the price stated in the package
answer

false
question

acceptance of an offer to form a unilateral contract need not be communicated to the offeror to be effective
answer

true
question

a properly mailed acceptance takes effect when mailed, even if it is never received by the offeror
answer

true
question

at an auction, the bidders make offers and they cannot be withdrawn
answer

false

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