Question
1. Abby goes to a car dealership to buy a car for Bob. The car is Bob's favorite type of car, in Bob's favorite color.
1. Abby goes to a car dealership to buy a car for Bob. The car is Bob's favorite type of car, in Bob's favorite color. Abby tells the car dealer to put the ownership of the car in Bob's name (titled to Bob) and to deliver the car to Bob's home. With regards to the contract between Abby and the car dealership, Bob is:
Group of answer choices
A) An intended beneficiary
B) An incidental beneficiary
C) An assignee
D) An assignor
2. _____________ is defined as the termination of an obligation such as occurs when the parties to a contract have fully performed their contractual obligations
Group of answer choices
A) Discharge
B) Termination
C) Anticipatory repudiation
D) Breach
3. In a bilateral contract, the offeror makes a promise and wants the offeree to:
Group of answer choices
A) Make a promise in return
B) Start performing
C)Complete the performance
D) Completely stop performing
4. Abby says to Bob," If you drive my car to Florida, I will pay you 500.00. If Bob gets into Abby's car and starts driving to Florida, which of the following statement is TRUE?
Group of answer choices
A) Abby's offer is irrevocable for a reasonable amount of time
B) Abby can revoke her offer if she revokes the offer before before Bob drives out of the State of Ohio
C) Abby can revoke her offer at any time before Bob makes full performance
D) Abby can revoke her offer only if she makes the revocation in writing
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