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A mailed revocation of an offer is not effective until received by the offeree. True False Offers may be revoked by word or act prior

  1. A mailed revocation of an offer is not effective until received by the offeree. True False
  2. Offers may be revoked by word or act prior to acceptance. True False
  3. An offeree's acceptance of the offer must be unequivocal (clear and unambiguous). True False
  4. Generally, an offer may be terminated

A.

any time prior to acceptance

B.

after acceptance but before the parties sign

C.

unless the offeror promises not to

D.

all of the above

5 The mirror image rule requires

A.

an acceptance to mirror the offer

B.

an acceptance to vary the terms of the offer

C.

an acceptance to add additional terms to the offer

D.

all of the above

6 Generally, silence as acceptance will be valid

A.

if demanded by the offeror

B.

if agreed to by the parties

C.

by operation of law

D.

none of the above

7 Which of the following are not offers?

A.

opinion

B.

advertisements

C.

negotiations

D.

all of the above

8 Offers are terminated by operation of law when

A.

subject of offer is destroyed

B.

death or incompetence of offeror or offeree

C.

supervening illegality of proposed contract

D.

all of the above

9 Click on agreements are generally

A.

enforceable

B.

unenforceable

C.

treated as equitable remedies

D.

none of the above

10 Which of the following will act to terminate the offer?

A.

rejection

B.

counteroffer

C.

lapse of time

D.

all of the above

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