Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

These Re true or false question. Please help me solve I 1. if there is an option situation and the offeror dies before acceptance, the

These Re true or false question. Please help me solve

image text in transcribed
I 1. if there is an option situation and the offeror dies before acceptance, the offer is tom-inaud- __ 2. Although an offer usually is communicated to the offeree by the offer-oror a duty authorized agent. usually an alter is effectively communicated if the offeree actually learns of the offer from some other outside source. _ 3. Anacceptance can be eFfectiva before it has been communicated to and received by the offeror. _ 4. l have made an offer to you to sell the Picasso painting which i own. Unfortunately. tonight the painting is destroyed by a ood. Under these circumstances. the offer Is not terminated. ._ 5. Susie advertises a reward for the return of her lost dog. Peter, who does not know of the reward, nds the deg and returns it to Susie. Under these circumstances Peter Is not legally endtled to the reward. _ 6. Ralph offers to sell his car to Great for $400. Greta responds. "Your price is too high. l'l] offer to buy your car for $300.' Under these circumstances Ralph's offer is terminated. _ 7. Mary says to John. 'l offer to sell you my our for $400. In order for you to have time to check into your nancial situation, I promise to keep this offer open until noon tomorrow." At 10 em tomorrow Perry offers to buy Mary's car for $450. and Mary accepts Perry's offer. At 10:30 am Mary phones lohn and says, \"I changed my mind about offering to sell you the car, and i just sold it to Perry." Under these circumstances Mary is not legally liable for revoking her offer. .._._ 8. in determining whether or not an offer was made, courts use an objective theoryin other Words, the test used is this: "Would a reasonable person In the offeree's position believe that an offer was made?\" ._._ 9. Ace Widgets Store puts advertises in the newspaper that it will have widgets on sale tomorrow, for $5 per widget [which is a fair and reasonable price). Tomorrow morning Connie Consumer goes to Ace and tells the salesperson she wants to buy ve widgets. for $5 each. However. the store refuses to sell Connie any widgets. Under these circumstances Ace is not liable for breach of contract. _ 10. A written offer is usually effective when the offeror puts the offer in the mail

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

9781266566899

Students also viewed these Law questions

Question

What are the purposes of promotion ?

Answered: 1 week ago