7- Included among the elements of a valid offer is the requirement that the offer reflect a genuine intent on the part of the offeror to be bound by the terms of the offer. True Or False

8- The two ways in which an offer can be terminated by the conduct of the parties are the offeror's revocation of the offer and the offeree's rejection of the offer. True Or False

9- The death of the offeror or the offeree will terminate the offer by operation of law. True or False 10- An option contract is when one party provides consideration to another party who agrees to make the offer irrevocable for a certain period of time. True or False

11- A valid acceptance occurs when the offeree communicates to the offeror an unequivocal assent to the terms of an offer. True or False

12- George Smith rejects Mary Simpson's offer and then changes his mind after his rejection and now wants to accept. His attempt at acceptance will not create an agreement. True or False

13-If an offeree makes a counter offer, (s)he now becomes the offeror. True or False