ut of What is the principal effect of a counter-offer? Select one: Time left 1:34:37 O a. A counter-offer creates a new offer, but the original offer is still capable of being accepted. b. A counter-offer destroys the original offer and replace it with a new offer c. A counter-offer creates a binding contract based on the terms of the counter-offer. O d. A counter-offer creates a binding contract based on the terms of the original offer. 2 ut of Humpty owes Dumpty $10000. On discovering that Dumpty is in need of money to finance his visit to Europe, Humpty offers to pay $6000 in full settlement of his debt. Dumpty agrees to accept $6000 but on returning from his visit, claims the remaining $4000. Will Dumpty succeed in his claim? Select one: O a. No, because the doctrine of promissory estoppel would apply. b. Yes, but only if Humpty agrees to make payment of remaining amount O c. Yes, a promise to accept payment of a smaller sum of money than owed is not enforceable in the above scenario. Od. No, because Humpty's payment is in full settlement of the debt. 3 ut of A 15 year old girl buys an 18 certificate DVD, a packet of sweets and a card for recharging her mobile phone from a local shop. She claims not to have enough money on her to pay for the goods there and then so the shopkeeper, who knows her parents quite well, tells her she can pay later. A week later she has still failed to pay up. Which of these goods are "necessaries"? Select one: a. All of them b. The mobile phone card and the sweets c. Only the sweets Od. The DVD and the sweets