16. A voidable contract

a. is a contract that one party has the option of avoiding or enforcing.

b. is not actually a contract.

c. cannot be enforced.

d. is considered contrary to public policy.

17. I am of a mind to offer my stamp collection to Bob for sale.

a. Is an offer under the rules of the UCC.

b. Is an example of an option.

c. Is an example of preliminary negotiations.

d. Is an expression of opinion.

18. In general, advertisements, catalogues and price lists are treated as

a. offers.

b. preliminary negotiations.

c. invitations to negotiate.

d. counteroffers

19. In an auction

a. the bidder is the offeree.

b. the bidder is the offerer.

c. the auctioneer is the offerer.

d. the auctioneer must accept the highest bid.

20. A shrink wrap agreement

a. is an agreement whose terms are expressed inside a box in which computer hardware or software is packaged.

b. is an agreement that generally comes separately from the box in which computer hardware or software is packaged.

c. is a term whose meaning varies with the type of product sold.

d. cannot be challenged once the sale of the related computer software or hardware is final.