Question 1

How can courts prevent an offeror from revoking a unilateral contract once the offeree has started performance?

Accepted Answer

A)  By providing additional terms according to the Code's gap-filling provisions
B)  By holding that the offeree's acceptance curtailed the power of revocation
C)  By holding that the offeree's performance made it a bilateral contract
D)  By making material changes in the terms of the original contract

Question 2

Ian Sanders offered to sell his car to Beth Jones for $5,000.Subsequently,Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car.Beth's response represents a(n) ________.

Accepted Answer

A)  inquiry regarding terms
B)  rejection of the offer
C)  conditional acceptance of the offer
D)  additional term

Question 3

Which of the following statements about The United Nations Convention on Contracts for the International Sale of Goods (CISG) and acceptance is false?

Accepted Answer

A)  The CISG adopted the Code's Battle of the Forms.
B)  Statements or other conduct by the offeree that shows assent is an acceptance.
C)  A contract is concluded when an acceptance of an offer becomes effective.
D)  Acceptances are effective when they are received.

Question 4

You wish to download free software from the Internet.The download procedure includes a page titled "download now" that asks you to "please review" the licensing agreement that is available to you on another webpage.The "download now" page has a button that initiates the download process.You click that button without going to the licensing agreement page.You later learn that the licensing agreement contains an arbitration provision.Are you bound by this provision?

Accepted Answer

A)  Yes,because the "please review" statement in the "download now" page informed you of the licensing agreement.
B)  Yes,because when you clicked the button to initiate the download process you agreed to the provisions in the licensing agreement.
C)  No,because you did not perform an action that indicated your assent to the licensing agreement.
D)  No,because laws relating to Internet privacy consider silence to be an acceptance of the offer.

Question 5

Sue Sandon and Joe Rhine concluded their agreement in all substantial matters of their contract for goods,such as price,quantity,and mode of delivery.But the formal written agreement has not been signed yet.Is there a binding contract at present?

Accepted Answer

A)  Yes,because an oral contract should suffice.
B)  Yes,because a contract is formed at the time the agreement is concluded.
C)  No,because the minor terms also need to be taken care of.
D)  No,because the agreement is not yet signed and thus,legally unenforceable.

Question 6

Which of the following describes the effect of the knock-out rule?

Accepted Answer

A)  The contract will consist of those terms on which the parties' writings agree plus any different terms that are reasonable under the circumstances.
B)  The contract will include the different terms and any appropriate gap-filling presumptions in the Code.
C)  The contract will consist of those terms on which the parties' writings agree plus any appropriate gap-filling presumptions of the Code.
D)  No contract exists.

Question 7

Which source of law requires the acceptance to be a "mirror image" of the offer in order to form a contract?

Accepted Answer

A)  Common Law
B)  Constitutional Law
C)  Natural Law
D)  Theocratic Law

Question 8

The only manner in which a request for prompt or current shipment of goods can be honored is by a prompt or current shipment of the goods to the buyer.

Accepted Answer

A) True 
 B)False

Question 9

Debbie Jones and Bill Schneider exchanged standard order forms to formalize their contract for a batch of goods and realized that their standard forms do not agree on material terms.Under UCC section 2-207,when will there be a contract? Assume that Bill did not make his acceptance conditional on Debbie's assent to any additional or different terms.

Accepted Answer

A)  Only when Debbie and Bill are merchants.
B)  When Bill's form is a definite and seasonable expression of acceptance.
C)  When the conduct of one party recognizes the existence of a contract.
D)  When the offer expressly limits acceptance to its own terms.

Question 10

Which of the following is true regarding silence as acceptance?

Accepted Answer

A)  Contract law explicitly recognizes silence as constituting acceptance.
B)  An offeree's silence is considered acceptance when he/she indicates so.
C)  An offeror can impose on the offeree a duty to respond to the offer.
D)  The Code explicitly recognizes silence as constituting acceptance.

Exam 11: The Agreement: Acceptance

Sue Sandon and Joe Rhine concluded their agreement in all substantial matters of their contract for goods,such as price,quantity,and mode of delivery.But the formal written agreement has not been signed yet.Is there a binding contract at present?

Correct Answer
verified

Correct Answer
verified

Which source of law requires the acceptance to be a "mirror image" of the offer in order to form a contract?

Correct Answer
verified

Which of the following is true regarding silence as acceptance?

Correct Answer
verified

Correct Answer
verified

Ian Sanders offered to sell his car to Beth Jones for $5,000.Subsequently,Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car.Beth's response represents a(n) ________.

Correct Answer
verified

Which of the following describes the effect of the knock-out rule?

Correct Answer
verified

How can courts prevent an offeror from revoking a unilateral contract once the offeree has started performance?

Correct Answer
verified

The only manner in which a request for prompt or current shipment of goods can be honored is by a prompt or current shipment of the goods to the buyer.

Correct Answer
verified

Which of the following statements about The United Nations Convention on Contracts for the International Sale of Goods (CISG) and acceptance is false?

Correct Answer
verified

Exam 11: The Agreement: Acceptance

Sue Sandon and Joe Rhine concluded their agreement in all substantial matters of their contract for goods,such as price,quantity,and mode of delivery.But the formal written agreement has not been signed yet.Is there a binding contract at present?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which source of law requires the acceptance to be a "mirror image" of the offer in order to form a contract?

Correct AnswerverifiedShow Answer

Which of the following is true regarding silence as acceptance?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Ian Sanders offered to sell his car to Beth Jones for $5,000.Subsequently,Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car.Beth's response represents a(n) ________.

Correct AnswerverifiedShow Answer

Which of the following describes the effect of the knock-out rule?

Correct AnswerverifiedShow Answer

How can courts prevent an offeror from revoking a unilateral contract once the offeree has started performance?

Correct AnswerverifiedShow Answer

The only manner in which a request for prompt or current shipment of goods can be honored is by a prompt or current shipment of the goods to the buyer.

Correct AnswerverifiedShow Answer

Which of the following statements about The United Nations Convention on Contracts for the International Sale of Goods (CISG) and acceptance is false?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified