21. What are some circumstances that can lead to uncertainty in offers and acceptances, and how can they be avoided?

22. What are some advantages of written offers and acceptances over spoken ones?

23. Under what circumstances might a specific time be crucial to a transaction that would justify limiting the time for an offer or acceptance?

24. When a definite time for acceptance has not been set, when does the acceptance time terminate?

25. Explain the three requirements of a valid offer.

26. Explain the two requirements of a valid acceptance.

27. Offer Why are newspaper advertisements not considered valid offers?

28. Acceptance Describe the circumstances under which silence on the part of an offeree will be a valid acceptance. Does this seem reasonable and fair?

29. Counteroffer Why does the law interpret a counteroffer that is a conditional or qualified acceptance as a rejection of the offer and not binding on the parties?

30. Termination of an Offer If an offer is rejected, should the offeree have the right

to negotiate before the offer is considered terminated?

31. A Question of Ethics Is it appropriate for a city or state official to accept a bid for the performance of work or the purchase of goods or services that is higher than others, even if there are no laws requiring that officials accept the lowest bid?