Question 1

Which of the following was the result in the case in the text Adone v.Paletto involving the rejection of a purported acceptance of an offer of compromise because it was not made within the time limit of 10 days specified in the offer?

Accepted Answer

A)   Rejection of the acceptance was unjustified because offers of compromise may not contain time limits.
B)   Rejection of the acceptance was unjustified because allowing only 10 days for acceptance is unreasonable.
C)   Rejection of the acceptance was unjustified because of the plaintiff's severe injuries.
D)   Rejection of the acceptance was enforceable because a trial had already been held.
E)   Rejection of the acceptance was enforceable because the 10 days in which the other party had to accept had expired.F) A) and B)
G) None of the above

Question 2

An offer by a retailer to purchase seasonal goods from a wholesaler would not lapse sooner than an offer to purchase goods that could easily be sold all year long.

Accepted Answer

A) True 
 B)False

Question 3

List the ways in which an offer can terminate.

Accepted Answer

Termination of an offer can occur in one...

Question 4

Once an offer is made,an offeror has no right to terminate it before receiving a reply.

Accepted Answer

A) True 
 B)False

Question 5

What was the result in the case in the text Lucy v.Zehmer involving whether allegations of joking prevented the formation of the contract involved?

Accepted Answer

A)   The court ruled that the contract would not be enforced because one of the parties was subjectively joking.
B)   The court ruled that the contract would not be enforced because one of the parties was joking, and a reasonable person should have known that.
C)   The court ruled that the contract would not be enforced because the parties had been drinking although they were not intoxicated.
D)   The court ruled that the agreement would be enforced because under the applicable standard, it was not apparent that joking was involved.
E)   The court ruled that the contract would be enforced because of what the parties verbally said regardless of whether an objective person would have thought joking was involved.F) C) and D)
G) A) and B)

Question 6

Trudy signs a contract with ABC Book Club without reading it.The contract provides that new books will be sent to her eBook reader every month unless she sends notification rejecting the receipt of new books.Which of the following is true regarding whether the contract is binding?

Accepted Answer

A)   The contract is not binding because it illegally attempts to enforce acceptance by silence.
B)   The contract is binding but only if the parties have extensive previous dealings whereby acceptance by silence became an accepted form of business.
C)   The contract is not binding unless Trudy pays for at least one month's supply of books thereby indicating her intent to be bound.
D)   The contract is not binding because transmittal using electronics is involved.
E)   The contract is binding.F) B) and E)
G) A) and E)

Exam 14: Agreement

Trudy signs a contract with ABC Book Club without reading it.The contract provides that new books will be sent to her eBook reader every month unless she sends notification rejecting the receipt of new books.Which of the following is true regarding whether the contract is binding?

Correct Answer
verified

List the ways in which an offer can terminate.

Correct Answer
verified
Termination of an offer can occur in one...
View Answer

What was the result in the case in the text Lucy v.Zehmer involving whether allegations of joking prevented the formation of the contract involved?

Correct Answer
verified

Which of the following was the result in the case in the text Adone v.Paletto involving the rejection of a purported acceptance of an offer of compromise because it was not made within the time limit of 10 days specified in the offer?

Correct Answer
verified

An offer by a retailer to purchase seasonal goods from a wholesaler would not lapse sooner than an offer to purchase goods that could easily be sold all year long.

Correct Answer
verified

Once an offer is made,an offeror has no right to terminate it before receiving a reply.

Correct Answer
verified

Exam 14: Agreement

Trudy signs a contract with ABC Book Club without reading it.The contract provides that new books will be sent to her eBook reader every month unless she sends notification rejecting the receipt of new books.Which of the following is true regarding whether the contract is binding?

Correct AnswerverifiedShow Answer

List the ways in which an offer can terminate.

Correct AnswerverifiedTermination of an offer can occur in one...View AnswerShow Answer

What was the result in the case in the text Lucy v.Zehmer involving whether allegations of joking prevented the formation of the contract involved?

Correct AnswerverifiedShow Answer

Which of the following was the result in the case in the text Adone v.Paletto involving the rejection of a purported acceptance of an offer of compromise because it was not made within the time limit of 10 days specified in the offer?

Correct AnswerverifiedShow Answer

An offer by a retailer to purchase seasonal goods from a wholesaler would not lapse sooner than an offer to purchase goods that could easily be sold all year long.

Correct AnswerverifiedShow Answer

Once an offer is made,an offeror has no right to terminate it before receiving a reply.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
Termination of an offer can occur in one...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified