Offer and acceptance
Download
1 / 31

Offer and Acceptance - PowerPoint PPT Presentation


  • 309 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