A) Jack has a deal. His offer was intended and contains definite terms.
B) Jack has a deal. Joan should have responded saying she is not interested in the car if she didn't want to be bound to the offer.
C) Joan is not bound. Generally an offeree must say or do something to accept an offer.
D) Joan is not bound. Ten days is not a reasonable amount of time to consider the offer and accept by mail.
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A) unenforceable due to its vagueness.
B) unenforceable due to the difficulty of devising an appropriate remedy for a breach.
C) enforceable as long as both parties act in good faith and Bob doesn't suddenly demand more hay than what was reasonably estimated.
D) unenforceable unless state real estate law makes an exception.
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C
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A) Robert wins; this is an enforceable contract with complete and definite terms.
B) Robert wins; the UCC will decide which 40 acres are to be sold.
C) Wally wins; the original offer was not intended to be an offer but merely an invitation to negotiate.
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
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A) Floyd's heirs must sell the car to Tim.
B) Floyd's heirs must continue to negotiate the offer and sell the car, if a reasonable price can be determined.
C) The offer terminates automatically upon Floyd's death.
D) There is a contract if Tim accepts before learning of Floyd's death.
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An offeree must say or do something to a...View Answer
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Jerry made an option contract with Lucy....View Answer
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A) Placing an item up for auction.
B) Catalog advertisements.
C) Price lists.
D) A note scribbled on a restaurant napkin that includes the details of the offer.
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Yes,he does.UCC 2-207 dramatically chang...View Answer
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An offer is an act or statement that pro...View Answer
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A) Jane can still accept the offer and John must find a 1955 Thunderbird to sell.
B) The offer is terminated by law.
C) Dick can still revoke his offer so long as he does so before Jane accepts.
D) Jane can still accept the offer. She will be entitled to the insurance proceeds.
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A) The price will be the reasonable price based on fair market value of the goods at the time of delivery.
B) David has the freedom to set any price he wants considering George was foolish enough to enter into a contract without a price established.
C) George has the right to establish a price because he is the buyer. David should have taken steps to protect his sales interest.
D) None of the above. The contract is not valid because the terms are not definite and certain.
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The UCC makes the law of sales more flex...View Answer
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A) the place of delivery is Lumber Jack's and the time for delivering the lumber is a reasonable time based on normal trade practice.
B) the place of delivery is Regency Construction and the time for shipping is within 30 days.
C) the place of delivery is Lumber Jack's and the time for delivering the lumber is within 30 days.
D) there is no contract because having more than one open term made the offer too indefinite.
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A
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A) Unless otherwise stated, the auctioneer had the right to withdraw the item before the fall of the hammer.
B) Generally, the auctioneer must sell to the highest bidder. Vivian will get the lamp.
C) Generally, the auctioneer is the offeror and the bidders are the offerees so there is a contract and Vivian will get the lamp.
D) Most auctions are without reserve and therefore the auctioneer cannot withdraw the lamp.
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A) protects both parties by ensuring the other side is serious and creates a binding agreement on the issues on which the parties have agreed thus far.
B) may or may not be an offer, depending on the exact language and whether the document indicates that the parties have reached an agreement.
C) has no legal effect, but provides a record for the parties as to where the negotiations stand.
D) courts will consider to be a valid offer which the other party must accept if offered in good faith.
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B
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A) no contract can be created.
B) the warranty term is a "different term," and the majority of states hold that a contract can be formed but the contradictory terms cancel each other out.
C) the warranty term is an "additional term" that becomes part of the contract in most states.
D) the warranty term is a "different term," which in most states becomes part of the contract unless the seller promptly objects.
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A) Elaine calls Travel Lines and states that she will buy the tickets.
B) Elaine sends a fax to Travel Lines stating she will buy the tickets.
C) Elaine sends a letter by USPS next-day service to Travel Lines stating that she will buy the tickets.
D) All of the above responses will create a contract between Travel Lines and Elaine since they constitute reasonable means of communication.
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