2. If you offer Sally $50 if she performs ten consecutive cartwheels across Main Street, you have:

a. entered a bilateral contract. b. entered a unilateral contract. c. entered an executed contract. d. entered no contract at all.

3. To be valid, an agreement to a contract must include:

a. a fair bargain. b. a fair price. c. an offer. d. a physical sample of the good for sale.

4. Kamil offers to sell Jason his car. In this case, Kamil:

a. is the offeree. b. is the donee. c. is the donor. d. is the offeror.

5. Kamil offers to sell his 1997 Toyota Camry, with 24,000 miles and no mechanical problems that Kamil is aware of to Jason for $9,000 cash only. This is an example of:

a. an express contract. b. an implied contract. c. an executed contract. d. a nonrevocable contract.

6. A quasi-contract may be defined as:

a. a true contract. b. an actual contract. c. a fictional contract. d. an implied-in-law contract.

7. In order for an offer to be effective, which of the following IS NOT necessary?

a. The offer must be communicated to the offeree. b. The price requested must be acceptable by a reasonable person. c. The terms of the offer must be reasonably certain and definite. d. There must be a serious, objective intent by the offeror.

8. Kim offers to sell George her one-year old CD player for $75. George accepts the offer. At this point:

a. you have an offer to negotiate. b. you have a preliminary agreement. c. you have a legally valid contract. d. you have a fully executed contract.

****Course Business Law, Please solve it asap. Thank you!