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answer the following question true or false: this is business law is not finance 6. A says to B: I am going to sell any
answer the following question true or false:
this is business law is not finance
6. A says to B: "I am going to sell any car for S2,000." B says: "I accept, here is my check." Thier is a contract. 7. Orfers made in jest are always invalid. 8. B agrees to buy all of her requireinents from S. S agrees. The contract fails for lack of a definite quantity term. 9. A writes to B: "I will offer you $20 a week if you will give violin lessons to my son. You have 30 days in which to reply to this offer." B is still thinking about it when a purports to revoke 15 days later. B can nonetheless accept. 10. When an offeree learns from a third party that the offeror has sold the goods. the offer is re- voked. 11. The modern view is that once the offeree of a unilateral contract begins to perform, the offeror may not revoke his promise. 12. An offer continues until there is an express revocation of the offer. 13. A offers to sell his watch to B for 5100. B says she will take it for 575. B may later accept the offer for $100. 14. A offers to sell his watch to B for $100. B gives a S3 to keep the offer open. A may not revoke. IS. Under the UCC, a non-merchant may make her offer irrevocable without consideration. 16. In general, an offeree must affirmatively convey his or her intention to accept an offer to enter in. to a bilateral contract. 17. A says to B: "If you paint my house, I will give you S100." B promises to paint A's house. There is a contract. 18. At common law, an offeree may request additional terms in accepting the offer. 19. Merchant S accepts Merchant B's offer with an additional clause providing for reasonable in Lerest for overdue invoices. The additional clause is part of the contract. 20. Revocation of an offer sent by mail is effective upon receipt. 21.. Bargained for forbearance of a legal right will constitute consideration 22. B agrees to buy a house offered by Sir B gets a bank loan. There is a contract. 23. A promise to do what the promisor is legally obligated to do, but has indicated will not be done, is valid consideration. 24. Promissory estoppel requires justifiable reliance. 25. Under the UCC, a scal has no effect. 26. An agreement for a one year lease, to begin one month after the agreement, must be in writing. 27. A buyer who receives and accepts goods worth any amount must pay the price it the agreement is 28. A and B enter into an oral agreement under which A agrees to assign to B the rights to all future revenue from his movie in return for a promise froin Bio pay him $3,000. A afterwards refuses to go through with the dent, in view of the fact that his revenue is greatly in excess of 53,000. B will be successful if he sucs him for breach of contract. oral
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