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1. If the doctrine of promissory estoppel is being used to argue that the offeror cannot revoke the offer, what must the offeree argue? The
1. If the doctrine of promissory estoppel is being used to argue that the offeror cannot revoke the offer, what must the offeree argue? The offeree must argue that the offeror is an unethical person. The offeree must argue that the UCC applies. The offeree must argue that the traditional common law of contracts applies. The offeree must argue that she relied to her detriment on the offeror not revoking the offer. The offeree must argue that the offeror made a firm offer. 2. A determination of whether two parties to an alleged contract actually reached a "meeting of the minds" is governed by which standard of intent? Subjective standard Reasonably subjective standard Modified objective standard The 20 Bishops standard Objective standard 3.An offer that is governed by the UCC, does not require consideration, and is not revocable for a period of time is called a(n): Firm offer. Bilateral offer. Unilateral offer. Good offer. Option contract. 4. If one of the parties to a contract either dies or becomes insane, the offer is automatically terminated because The offeror would have an unfair negotiation advantage. The offeror may be interested in revoking a deal. A meeting of the minds is obviously impossible. The offeree may be interested in rejecting a deal. The offeree, at that point, clearly has very poor communication skills
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