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Multiple Choice Quiz
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1
The elements of an offer include all but which of the following?
A)Serious intent by the offeror to be bound to an agreement
B)Reasonably definite terms
C)Communication to the offeree
D)Acceptance by the offeree
2
Offeror intent is determined based upon a(n) __________ standard.
A)Subjective plaintiff
B)Subjective defendant
C)Objective
D)Jury
3
Which of the following does not constitute a valid offer?
A)Preliminary negotiations
B)Advertisements
C)An offer communicated by the offeror to the offeree's agent
D)A. and B.
4
Which of the following circumstances will not terminate an offer?
A)Revocation by the offeror
B)Revocation by the offeree
C)Rejection by the offeree
D)Counteroffer by the offeree
5
Which of the following circumstances will not terminate an offer?
A)Death or incapacity of the offeror
B)Subsequent illegality of the subject matter of the offer
C)Rejection by the offeror
D)Lapse of time stated in the offer for acceptance
6
Which of the following does not constitute a valid acceptance?
A)Rejection
B)Counteroffer
C)Silence
D)All of the above are not valid methods of acceptance
7
According to the "mirror-image" rule, if the terms of the acceptance do not mirror the terms of the offer:
A)A contract nevertheless exists, and its terms are based on the matching terms of the offer and the acceptance
B)The attempted acceptance is a counteroffer
C)The attempted acceptance is a revocation
D)A contract nevertheless exists, and its terms are based on either industry standard or the prior "course of dealing" between the parties
8
According to the __________ rule, an acceptance is valid when the offeree places it in the mailbox, whereas a revocation is effective only when the offeree receives it.
A)Certification
B)U.S. Postal Service
C)Mailbox
D)Transmission
9
__________ is when the means by which acceptance can occur is expressly stated in the offer.
A)Express authorization
B)Implied authorization
C)Objective authorization
D)Subjective authorization
10
If an offer merely authorizes a certain method of acceptance but does not condition acceptance on the use of this method, and the offeree uses an unauthorized means of acceptance:
A)The contract is void
B)The contract is voidable
C)The contract is formed nevertheless
D)The contract is not formed until acceptance is received by the offeror





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