Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 Roger offered to sell his tickets to the Justin Bieber concert to Janet for $100. Janet, unsure if she was free the night

Question 1

Roger offered to sell his tickets to the Justin Bieber concert to Janet for $100. Janet, unsure if she was free the night of the concert, told Roger she would let me know. In the meantime, Roger sold his tickets to Lisa. The offer to Janet:

a) was revoked;

b) was rejected;

c) was terminated by operation of law;

d) is still valid.

Question 2

If an offeree dies before the offer has been accepted, the offer:

a) may be accepted by the offeree's next of kin.

b) may be rejected by the offeree's next of kin.

c) is terminated by the death of the offeree only if the contract would have required the personal services of the offeree.

d) is automatically terminated by the death of the offeree

Question 3

A promise to pay a contractor a bonus to complete construction of a building according to the contract is:

a) binding if the promise is in writing.

b) binding if the promise is made by a merchant.

c) binding if the promise is made to a merchant.

d) ordinarily not binding on the promisor.

Question 4

The plaintiff in a quasi-contractual action can recover:

a) lost profits.

b) damages for mental distress.

c) the contractual price.

d) the reasonable value of the benefit conferred upon the defendant.

e) for all the damages sustained.

Question 5

If no termination date is specified for an offer, the offer will remain open:

a) for one year.

b) for six months.

c) for a reasonable time.

d) until someone accepts the offer.

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

Step: 3

blur-text-image

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

Financial Accounting

Authors: Harrison, Horngren, Thomas

1st Edition

0558823513, 978-0558823511

More Books

Students also viewed these Accounting questions