Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please solve these questions for me D Question 1 1 pts An agreement usually is structured with: O An Offer and an Acceptance O Definite

Please solve these questions for me

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
D Question 1 1 pts An agreement usually is structured with: O An Offer and an Acceptance O Definite and Reasonable Terms Consideration and compromise O Capacity D Question 2 1 pts The Objective Standard is: O Outwardly, as an observer would interpret O The manifestation of a single assent by the offeror O Inwardly, as the offeree would interpret the contact O Subjectively, as a party to the contract would interpret itRalphs grocery store advertises on the Internet that for this week. Butter Ball Turkeys are .10 cents a pound. Tianna went to buy 100 pounds of turkey for her restaurant. When she tried to pay the manager told her that the price is the regular price of $1.50 per pound. Tianna sues Ralphs. Which of the following is correct? D At common law, Ralphs made an offer D At common law, Ralphs made an invitation to make an offer. D At common law, Ralphs made an acceptance to a offer D At common law, Ralphs made a binding contract with the reading of the advertisement. Luke decides that he no longer needs his light saber and wants to sell it for $10,000. (He built it himself and it works really well.] That dayr he got an email from Princess Leia who said that she really liked his light saber and would buy it for $10,000 today. Which of the following is true? D There is no offer by any party because Yoda would not approve of it. D There is an enforceable contract because Princess Leia's email was an acceptance of Luke's offer. ID Prinoess Leia's email is an offer. D Luke's decision to sell his light saber for $10,000 was an offer. D Question 5 1 pts An offer can be terminated if The offeror rejects the offer The offeror makes an offer which is an option contract O The offeror makes a counter-offer The offeror revokes the offer D Question 6 1 pts Neil offers Arlene his car for $5,000 and promises to keep the offer open for ten days. Arlene tells Neil that she cannot make up her mind in ten days but that she will pay him $25 to hold the offer open for thirty days. Neil agrees. Two days later, Neil calls Arlene to revoke the offer. Which of the following is correct? Neither answer is correct O Arlene can make Neil sell the car to her for $5,000 Both answers are correct O Neil can revoke his offer. A cou nter- offer is: C} Terminates the original offer made by the original otferor C} Acts as a rejection of the original offer C} An attempt at accepting the offer but the offeree changes the material terms. It is not the mirror image of the offer. C} All of these Acceptance per the Restatement 2d. of Contracts is a manifestation of assent to the terms thereof made by the offeree in a manner invited or required by the offer. C} True C} False D Question 9 1 pts Gunther tells Rachel that she can work at his coffee house {Central Perk] three days a week at $15 per hour for 5 hours each day. Rachel smiles and walks away. Which of the following is correct? Q Gunlher's offer is a rm offer Q There is no acceptance because silence generally does not constitute acceptance 0 There is acceptance and a contract was formed Q A court may require Rachel to work for Gunther based upon a quasi-contract D Question 10 1 pts Generally, the mailbox mle states @ Acceptance of an offer is effective only when the offeror calls the offeree to conrm that the offeror actually received the acceptance C} Acceptance of an offer is effective when it is mailed 0 Acceptance of an offer is effective only when the offeror reads it 0 Acceptance of an offer is effective when it is received

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Constitutional Law Cases Materials And Problems

Authors: Russell L. Weaver, Steven I. Friedland, Richard D. Rosen

5th Edition

1543830447, 978-1543830446

More Books

Students also viewed these Law questions

Question

A greater tendency to create winwin situations.

Answered: 1 week ago

Question

Improving creative problem-solving ability.

Answered: 1 week ago