An acceptance that changes the original offer or adds new terms to a offer is a rejection of the original offer and constitutes

a$.$ a counteroffer.

b$.$ a subsequent illegality

c$.$ a contract.

d$.$ a lapse of time.

A customer went into a store and saw a beautiful leather jacket bearing a price tag of $$29.$ The customer handed the cashier a $$50\mathrm{.}00$ bill and said, "I accept. We have a deal." The cashier then noticed the price tag and told the customer an error had been made and that the price was $$229.$ In this case:

a$.$ the customer already had accepted the offer.

b$.$ the price tag was a firm offer.

c$.$ no contract was formed because the customer's offer was refused.

d$.$ the customer is the offeree.

A customer requested a price from a carpenter on a teak cabinet to be built according to the buyer's specifications. Because teak wood is difficult to obtain, the customer agreed to pay the cost of the wood plus $$175$ and the carpenter agreed to build it$.$ Which of the following is correct?

a$.$ Although the price is somewhat unclear, the parties have entered into a contract.

b$.$ This is an agreement to agree and is not binding.

c$.$ This agreement fails for indefiniteness.

d$.$ The carpenter is bound, but not the customer.

An offer that is indefinite may be clarified by reference to another writing through:

a$.$ incorporation.

b$.$ reference.

c$.$ annotation.

d$.$ indexing.

An agreement that consists of two or more parts and calls for corresponding performances of each part by the parties is called a:

a$.$ partial contract.

b$.$ divisible contract.

c$.$ performance contract.

d$.$ divided contract$-$

If an offeree accepts an offer before it is effectively revoked:

a$.$ a void contract is formed.

b$.$ a voidable contract is formed.

c$.$ an unenforceable contract is formed.

d$.$ a valid contract is formed.

When contracting on the Internet worst case scenario, credit card issuers will generally not charge more than this amount for unauthorized activity.

a$.$ $$500$

b$.$ $$50$

c$.$ $$100$

d$.$ $$5000$

$4$