offer and acceptance
Download
Skip this Video
Download Presentation
Offer and Acceptance

Loading in 2 Seconds...

play fullscreen
1 / 31

Offer and Acceptance - PowerPoint PPT Presentation


  • 307 Views
  • Uploaded on

Offer and Acceptance. Chapter 6. True/False. 1. The person to whom an offer is made is termed the offeror . True/False . 1. False. True/False. 2. all contracts have to be in writing to be enforceable. . True/false. 2. False . True/False.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Offer and Acceptance' - happy


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
true false
True/False
  • 1. The person to whom an offer is made is termed the offeror.
true false1
True/False
  • 1. False
true false2
True/False
  • 2. all contracts have to be in writing to be enforceable.
true false3
True/false
  • 2. False
true false4
True/False
  • A store display of a MP3 player marked $121.00 would be an offer.
true false5
True/False
  • 3. False
true false6
True/False
  • 4. the write to withdraw an offer before it is accepted is known as the right of redemption.
true false7
True/False
  • 4. False
true false8
True/False
  • A clear rejection terminates an offer.
true false9
True/False
  • 5. True
multiple choice
Multiple Choice
  • 12. Which of the following is not one of the major requirements for a contract?
multiple choice1
Multiple Choice
  • 12. A (offer and accommodation)
multiple choice2
Multiple Choice
  • 13. Which of the following is not a test that a valid offer musty pass?
multiple choice3
Multiple Choice
  • 13. C (Is the offer a Solemn offer and not made in jest?)
multiple choice4
Multiple Choice
  • 14. An unaccepted offer may be terminated by?
multiple choice5
Multiple Choice
  • 14. D (All of these)
multiple choice6
Multiple Choice
  • 15. Which of the following statements about a firm offer is untrue?
multiple choice7
Multiple Choice
  • 15. D (all of the above statements are true.)
multiple choice8
Multiple Choice
  • 16. Which of the following circumstances might render an acceptance invalid?
multiple choice9
Multiple Choice
  • 16. C (The offer is accepted by someone other than the offeree & the acceptance does not match the offer.)
completion
Completion
  • 33. To be legally enforceable as a contract, the agreement must involve both sides receiving both sides receiving something of legal value as a result of the transaction. This something of value is labeled?
completion1
Completion
  • 33. Consideration
completion2
Completion
  • 34. Individuals who regularly deal in he goods, or tangible personal property, being bought or sold are labeled?
completion3
Completion
  • 34. Merchants
completion4
Completion
  • 35. After an offer is rejected, unless renewed by the original _________, the offeree can no longer accept the original offer.
completion5
Completion
  • 35. Offeror
completion6
Completion
  • 38. When the specific subject matter of an offer is destroyed before the offer can be accepted, the offer is automatically_________.
completion7
Completion
  • 38. Terminated
completion8
Completion
  • Dalia owns a dress shop in town; she purchases much of the mechandise for her store from Wholesale Clothiers, Inc. Wholesale offers to sell Dalia 20 various prom dresses at a price of $65 each and agrees to keep this offer open for 30 days. Both parties sign a document agreeing to the timeframe of the offer. Their agreement is best described as a(n)____________.
completion9
Completion
  • 36. Firm Offer
ad