Given the subjective nature and difficulty trying to ascertain whether contracting parties actually had a "meeting of the minds" prior to entering into a contract, a better standard is to examine the parties':

a.Objective intent

b.Bargaining position

c.Negotiating tactics

d.Intuitive intent

ANSWER: _______________

When trying to determine the objective intent of the parties to a contract, a court will rely on the perspective and understanding of which of the following:

a.Legal scholar

b.Savvy business person

c.Expert witness

d.Reasonable person

ANSWER: _______________

According to UCC Section 2-204, a contract may be made:

a.Only with absolute clarity and agreement of the parties

b.In any manner sufficient to show agreement

c.In writing only

d.Only with the involvement of attorneys

ANSWER: _______________

A communication that reasonably invites the recipient to conclude a contract between the parties by timely assent is called:

a.An acceptance

b.An acknowledgement

c.An offer

d.A summation

ANSWER: _______________