QUESTION 17 If Betty asks Juanita "Do you want to hire me to fix your roof?", this is O a. not a valid offer because the terms are not definite. O b. not a valid offer because Betty did not express an intent. O c. not a valid offer because Juanita did not respond. O d. a valid offer. QUESTION 18 As soon as promises are exchanged a bilateral contract comes into existence O True O FalseQUESTION 15 \"I plan to sell my ipad one day is a valid offer. 0 True O False QUESTION 16 Geula tells Freddy that she will pay him $80 once he removes the trimmed tree limbs and leaves from her property. Freddy's acceptance is complete O a. only after he hauls away the debris. O b. as soon as he says he will do the job. 0 C. when he hears the offer. 0 d. once he starts to work. \\ In contract law, \"agreement \" refers to the time that a party takes to decide if a deal is fair. 0 True 0 False QUESTION 13 If Chevon posts sign in front of her house that reads "House for Sale" this is a valid offer. 0 True 0 False QUESTION 14 An acceptance that materially changes the terms of the original offer will be valid if the offeree was serious. 0 True 0 False QUESTION 10 Plumbers Palace, Inc. offers Geraldine a job as a plumber without any time for acceptance specified in the offer. The offer will terminate O a. after a reasonable period. O b. never. O c. after a month (thirty calendar days). O d. after a work week (five business days). QUESTION 11 LouAnn enters into a contract to sell her motorcycle to Marni. Marnie takes possession of the motorcycle when she is 16 years old and continues to use it for five more years, well after reaching the age of majority. She has O a. impliedly ratified the contract. O b. expressly disaffirmed the contract. O c. expressly ratified the contract. O d. impliedly disaffirmed the contract.QUESTION 8 If Chad approaches Felicia and agrees to pay her $40,000 not to open a competing restaurant near Chad's Cafe, this agreement will likely be 0 a. enforceable since $40,000 is a lot of money. O b. unenforceable because it is against the law. 0 C. unenforceable because it is against public policy. 0 d. enforceable because opening up a store is an action that Felicia has the legal right to do. QUESTION 9 When two parties break off their wedding engagement, under new York law the ring 0 a. must be returned to the giver of the ring because it was a conditional gift. 0 b.remains with the receiver of the ring because it was a conditional gift. 0 c. is considered an unconditional gift. Q d. must be sold. QUESTION 6 Nancy negotiates a deal for the sale of a factory to Orville. Nancy promises Orville she won't revoke the offer for one month in return for a small payment.This is an example of O a. an agreement to agree. 0 b. an option contract. O C. an invitation to negotiate. Q d. the mirror image rule. QUESTION 7 When Brianna tries to start her new car and the motor stalls, she gets out of her car and screams that she will sell the car to anyone for $10. Nelly= a passerby who owns Nelly's Used Cars, hands Brianna $10. This is O a. a valid acceptance because Nelly is a professional dealer. 0 b. a valid acceptance because Brianna is seriously frustrated. O C. not a valid acceptance because Nelly is only passing by. Q d. not a valid acceptance because Brianna does not seriously intend to sell. QUESTION 4 If parties fully perform a contract it is called an executory contract. 0 True False QUESTION 5 If the terms of a contract are fully and explicitly stated in words, this is an express contract. True O False A contract is not valid unless both of the parties entering into it have the capacity to do so. O True 0 False QUESTION 3 Dolla's Aunt Ida tells Dolla, \"If I feel you deserve it on that day, I will give you a new car on the day you graduate from college.\" This promise O a. is illusory. O b. consists of a preexisting duty. 0 C. relies on forbearance. Q d. is enforceable. QUESTION 4 If parties fully perform a contract it is called an executory contract. 0 True O False