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| 1 | |
The Uniform Commercial Code (UCC) adopts the traditional "mirror image rule" that acceptance must be a "mirror image" of the offer. |
| | A) | True |
| | B) | False |
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| 2 | |
An ambiguous offer may be accepted in any manner that is reasonable in light of the circumstances surrounding the offer. |
| | A) | True |
| | B) | False |
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| 3 | |
Under the UCC, if an offer does not specify a particular means of acceptance, then the offeree may accept by any "reasonable means" of communication. |
| | A) | True |
| | B) | False |
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| 4 | |
In order to accept a bilateral contract, the offeree must generally begin performance. |
| | A) | True |
| | B) | False |
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| 5 | |
If an offeree changes terms of the offer, and makes acceptance conditional on the offeror's agreement to the new terms, then the offeror is bound to these new terms. |
| | A) | True |
| | B) | False |
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| 6 | |
The traditional application of the "mailbox rule" is that an acceptance is effective upon dispatch when the offeree used a manner of communication that was expressly or impliedly authorized by the offeror. |
| | A) | True |
| | B) | False |
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| 7 | |
In determining whether the offeree accepted an offer and created a contract, the court will look for evidence of which of the following? |
| | A) | offeree's intent to enter into contract |
| | B) | offeree's acceptance on the terms proposed by the offeror |
| | C) | offeree's communication of acceptance to the offeror |
| | D) | All of the above |
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| 8 | |
Al offers to sell Bob his car. Bob says to Al, "Your car looks pretty old. How many miles do you have on it?" This question represents: |
| | A) | a rejection of Al's offer |
| | B) | a counteroffer |
| | C) | an inquiry regarding terms that does not indicate rejection or acceptance |
| | D) | None of the above |
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| 9 | |
Under the UCC, a standard form offer specifying specific terms in the offer: |
| | A) | May be changed by the standard form acceptance and still create a contract, under certain circumstances. |
| | B) | May not be altered by the standard form acceptance. Otherwise, the mirror image rule will be violated. |
| | C) | Generally governs the contract, unless the standard form acceptance contains additional terms that do not materially alter the offer. |
| | D) | Both A and C |
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| 10 | |
In which of the following situations may silence be acceptance? |
| | A) | Customary trade practice allows silence to be treated as acceptance of offers |
| | B) | Prior dealings between the parties |
| | C) | Both A and B |
| | D) | None of the above |
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