1. Rebecca, in Honolulu, faxes a job offer to Spike, in Pittsburgh, saying, “We can pay you $55,000 per year, starting June 1.” Spike faxes a reply, saying, “Thank you! I accept your generous offer, though I will also need $3,000 in relocation money. See you June 1. Can’t wait!” On June 1, Spike arrives, to find that his position is filled by Gus. He sues Rebecca.
(a) Spike wins $55,000.
(b) Spike wins $58,000.
(c) Spike wins $3,000.
(d) Spike wins restitution.
(e) Spike wins nothing.

2. Arturo hires Kate to work in his new sporting goods store. “Look,” he explains, “I can only pay you $9.00 an hour. But if business is good a year from now, and you’re still here, I’m sure I can pay you a healthy bonus.” Four months later, Arturo terminates Kate. She sues.
(a) Kate will win her job back, plus the year’s pay and the bonus.
(b) Kate will win the year’s pay and the bonus.
(c) Kate will win only the bonus.
(d) Kate will win only her job back.
(e) Kate will win nothing.

3. Manny offers to sell Gina his TV for $100 on January 1. On January 2, Gina writes out a letter of acceptance. On January 3, Gina drops the letter in a mailbox. On January 4, a postal worker gets the letter out of the mailbox and takes it to the post office. On January 5, the letter arrives in Manny’s mailbox. When (if ever) was a contract formed?
(a) January 2
(b) January 3
(c) January 4
(d) January 5
(e) None of the above—a contract has not been formed.

4. Frank, an accountant, says to Missy, “I’ll sell you my laptop for $100.” Missy asks, “Will you give me until tomorrow to make up my mind?” “Sure,” Frank replies. Which of the following is true?
(a) Frank cannot revoke his offer, no matter what.
(b) Frank cannot revoke his offer, but only if Missy pays him to keep the offer open until tomorrow.
(c) Frank can revoke his offer no matter what, because he is not a merchant.
(d) Frank can revoke his offer no matter what, because he did not promise Missy anything in writing.

5. Which of the following amounts to an offer?
(a) Ed says to Carmen, “I offer to sell you my pen for $1.”
(b) Ed says to Carmen, “I’ll sell you my pen for $1.”
(c) Ed writes, “I’ll sell you my pen for $1,” and gives the note to Carmen.
(d) All of the above.
(e) A and C only.