Question 11

An offer of a reward for the arrest and conviction of a criminal is an example of:

	a) a unilateral contract.
	b) a bilateral contract.
	c) a quasi contract.
	d) a formal contract.
	e) a conditional contract.

Question 12

Stephanie has a small business in which she "blings" cell phones by gluing colorful gems onto plastic cell phone covers. Cellco, a cellular telephone manufacturer, enters into an agreement with Stephanie to buy all the cell phone covers she "blings" at a price of $2.00 a cover. This agreement is:

	a) unenforceable because it is too vague as to a material term
	b) not legally vague because it is a "requirements" type contract.
	c) not legally vague because it is an "output" type contract.
	d) a vague agreement on its face made definite by incorporation.

Question 13

One afternoon Tom offered to sell his drum kit to Sarah for $300. That night Sarah wrote Tom a letter stating she accepted the offer and would buy the drums for $300 and she placed it in the mail. The next day Tom saw Sarah and told her that he was withdrawing his offer and wanted to keep the drums. Two days later, Sarah's letter was received by Tom. Which of the following statements is true?

	a) Tom's offer was revoked.
	b) Tom's offer was effectively accepted by Sarah.
	c) Sarah's letter constituted a counter-offer.
	d) none of the above.