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Multiple Choice Quiz
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1
If the offeror requests a performance, the contract is known as bilateral.
A)True
B)False
2
An offeree's silence is considered an acceptance in the case of acceptance of goods.
A)True
B)False
3
The mailbox rule states that acceptance is effective upon its improper dispatch to the offeror.
A)True
B)False
4
Silence is always considered valid acceptance because it lacks the element of mutuality of assent.
A)True
B)False
5
Both parties must objectively manifest their intention to enter into a binding contract by accepting all of the terms in order to have mutuality of assent.
A)True
B)False
6
In order to make the appropriate promise or perform the requested act, the offeree must have:
A)mutuality of assent.
B)knowledge of the offer.
C)proper dispatch.
D)tender of performance.
7
An offeree's silence is generally considered:
A)acceptance.
B)reliance.
C)proper dispatch.
D)knowledge of the offer.
8
Minor variations to the offer that ___________________ do not inhibit the formation of the contract.
A)change the obligations of the parties
B)do not change the obligations of the parties
C)mirror the acceptance
D)do not mirror the acceptance
9
The mailbox rule does not apply to:
A)option contracts.
B)bilateral contracts.
C)unilateral contracts.
D)tender of performance.
10
Communications that deviate from the offer are:
A)generally considered acceptances.
B)generally considered mutuality of assent.
C)not generally considered mutuality of assent.
D)not generally considered acceptances.





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