. If Kim tells George, you know, Ive been thinking about selling my CD player for under $100, this constitutes:

a. a valid offer. b. a counteroffer. c. a preliminary negotiation. d. a statement of intent.

10. You read in a catalogue about a great new laptop computer that you would love to have, and see that the computer is priced so that you can afford it. If you call the company to place an order and are told Sorry, were all out! you may:

a. sue for breach of contract. b. sue based on a valid offer. c. try somewhere else, this is not a valid offer. d. hold the company liable, this was an unreserved auction.

11. The communication requirement of an offer requires:

a. the offeree to mail an offer to the offeror before a communication is valid. b. the offeror to hear the offer first-hand. c. the offeree to tell the offeror about the offer in some effective way. d. the offeror to accept the offer within 7 days.

12. Which of the following IS NOT an effective way to terminate an offer?

a. By rejection. b. By acceptance. c. By counteroffer. d. By revocation.

13. Filomena offers to sell Rhonda her collection of rare books. Before Rhonda even has a chance to accept, Filomena says, Sorry, I changed my mind, no deal. This is an example of:

a. a revocation. b. a rejection. c. a counteroffer. d. a restitution.

14. If Rhonda calls Filomena and says, I like your book collection but I will not pay $3,500 for it, Ill only pay $2,750, what is Rhondas statement?

a. A revocation. b. A rejection. c. A contingent offer. d. A counteroffer.

15. The mailbox rule says that:

a. an offer is valid only if mailed. b. an acceptance is valid only if mailed. c. an offer is valid once it is deposited in a mailbox. d. an acceptance is effective upon dispatch in some authorized means.

****Course Business Law, Please solve it asap. Thank you!