Question 1

The intent to accept is objectively demonstrated by words or conduct or a combination of the two.

Accepted Answer

A) True 
 B)False

Question 2

In recent times, the mirror-image rule is applied such that only a material difference between offer and acceptance creates a rejection of the offer.

Accepted Answer

A) True 
 B)False

Question 3

In general, the mailbox rule is beneficial to:

Accepted Answer

A)   the offeror.
B)   the offeree.
C)   the courts.
D)   third-party beneficiaries.E) None of the above
F) B) and C)

Question 4

To accept an offer for a unilateral contract, the offeree must make the promise requested by the offer.

Accepted Answer

A) True 
 B)False

Question 5

The UCC states that a properly dispatched acceptance sent by a reasonable means of communication within a reasonable time is effective on dispatch. What does the UCC mean by "reasonable" here?

Accepted Answer

The understanding of what constitutes "r...

Question 6

The shipment of non-conforming goods intended as an accommodation to the buyer is a(n)  _____.

Accepted Answer

A)   ambiguous offer
B)   prompt shipment
C)   counteroffer
D)   inquiry regarding termsE) A) and B)
F) A) and C)

Question 7

The UCC section 2-207 allows a contract to be formed even though the terms of the offer and the terms of the acceptance differ.

Accepted Answer

A) True 
 B)False

Question 8

Under the mailbox rule, the acceptance of an offer is effective at the time the acceptance is dispatched unless:

Accepted Answer

A)   both the offeror and offeree are merchants.
B)   the offer proposes a sale of real estate.
C)   the acceptance is not in the authorized mode of communication.
D)   the acceptance is lost or never reaches the offeror.E) A) and B)
F) None of the above

Question 9

Transfer of title deeds is a function wherein silence signals acceptance of the offer.

Accepted Answer

A) True 
 B)False

Question 10

When the offeror, as the master of the offer, specifies the precise time, place, and manner in which acceptance must be communicated, it is termed as _____.

Accepted Answer

A)   documentation
B)   authentication
C)   stipulation
D)   notificationE) B) and C)
F) A) and D)

Question 11

April Roberts ordered hundred 19-inch color television sets from Carl Soans and requested for a prompt shipment of the goods. Carl promptly shipped fifty 21-inch color television sets and fifty 19-inch color television sets without informing April that the shipment of nonconforming television sets was an accommodation. Which of the following is true?

Accepted Answer

A)   There is no acceptance because Carl's shipment materially differed from the terms of the offer.
B)   There is an acceptance and April is bound to pay the reasonable value of the fifty 21-inch television sets she did not ask for.
C)   There is an acceptance but Carl has breached the contract by shipping nonconforming television sets.
D)   There is a new offer that Carl has made by sending the nonconforming goods which April can accept or reject.E) None of the above
F) B) and D)

Question 12

What does the term 'grumbling acceptance' mean?

Accepted Answer

A)   Accepting the offer by maintaining one' silence
B)   Making material changes to a contract when accepting it
C)   Inquiring about the terms of the offer without rejecting it
D)   Accepting an offer while complaining about the termsE) None of the above
F) All of the above

Question 13

An ambiguous the offer may be accepted in any manner that is _____ in light of the circumstances.

Accepted Answer

A)   stipulated
B)   authorized
C)   recognizable
D)   reasonableE) C) and D)
F) A) and D)

Question 14

How can courts prevent an offeror from revoking a unilateral contract once the offeree has started performance?

Accepted Answer

A)   By providing additional terms according to the Code's gap-filling provisions
B)   By holding that the offeree's acceptance has curtailed the power of revocation
C)   By holding that the offeree's performance has made it a bilateral contract
D)   By making material changes in the terms of the original contractE) A) and D)
F) B) and C)

Question 15

Ian Kendler makes Brian Hyson an offer for a plot of land. In the offer, Kendler stipulates that the acceptance of the offer must be sent by registered mail but Hyson mails his acceptance through the regular postal service. Which of the following is true? Assume that the Restatement (Second)  of Contracts does not apply.

Accepted Answer

A)   There is no acceptance and no contract.
B)   A contract was formed at the time Hyson dispatched the letter.
C)   A contract was formed at the time Kendler received the letter.
D)   The acceptance is invalid because the contract does not relate to sale of goods.E) A) and B)
F) All of the above

Question 16

Why is the mirror image rule not strictly applied to modern commercial transactions?

Accepted Answer

Modern commercial transactions are carri...

Question 17

Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "may accept by registered letter" and this detail is an example of a _____.

Accepted Answer

A)   contract
B)   notification
C)   rejection
D)   stipulationE) A) and B)
F) C) and D)

Question 18

Sue Sandon and Joe Rhine have concluded their agreement in all substantial matters of their contract for goods offer like price, quantity, and mode of delivery but the formal written agreement has not been signed yet. Is there a binding contract at present?

Accepted Answer

A)   Yes, because an oral contract should suffice.
B)   Yes, because a contract is formed at the time the agreement is concluded.
C)   No, because the minor terms also need to be taken care of.
D)   No, because the agreement is not yet signed and thus, legally unenforceable.E) A) and B)
F) A) and D)

Exam 11: The Agreement: Acceptance

Correct Answer
verified

What does the term 'grumbling acceptance' mean?

Correct Answer
verified

Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "may accept by registered letter" and this detail is an example of a _____.

Correct Answer
verified

In recent times, the mirror-image rule is applied such that only a material difference between offer and acceptance creates a rejection of the offer.

Correct Answer
verified

In general, the mailbox rule is beneficial to:

Correct Answer
verified

Under the mailbox rule, the acceptance of an offer is effective at the time the acceptance is dispatched unless:

Correct Answer
verified

Transfer of title deeds is a function wherein silence signals acceptance of the offer.

Correct Answer
verified

How can courts prevent an offeror from revoking a unilateral contract once the offeree has started performance?

Correct Answer
verified

An ambiguous the offer may be accepted in any manner that is _____ in light of the circumstances.

Correct Answer
verified

The shipment of non-conforming goods intended as an accommodation to the buyer is a(n) _____.

Correct Answer
verified

Sue Sandon and Joe Rhine have concluded their agreement in all substantial matters of their contract for goods offer like price, quantity, and mode of delivery but the formal written agreement has not been signed yet. Is there a binding contract at present?

Correct Answer
verified

Why is the mirror image rule not strictly applied to modern commercial transactions?

Correct Answer
verified
Modern commercial transactions are carri...
View Answer

The UCC section 2-207 allows a contract to be formed even though the terms of the offer and the terms of the acceptance differ.

Correct Answer
verified

To accept an offer for a unilateral contract, the offeree must make the promise requested by the offer.

Correct Answer
verified

The intent to accept is objectively demonstrated by words or conduct or a combination of the two.

Correct Answer
verified

Correct Answer
verified

When the offeror, as the master of the offer, specifies the precise time, place, and manner in which acceptance must be communicated, it is termed as _____.

Correct Answer
verified

The UCC states that a properly dispatched acceptance sent by a reasonable means of communication within a reasonable time is effective on dispatch. What does the UCC mean by "reasonable" here?

Correct Answer
verified
The understanding of what constitutes "r...
View Answer

Exam 11: The Agreement: Acceptance

Correct AnswerverifiedShow Answer

What does the term 'grumbling acceptance' mean?

Correct AnswerverifiedShow Answer

Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "may accept by registered letter" and this detail is an example of a _____.

Correct AnswerverifiedShow Answer

In recent times, the mirror-image rule is applied such that only a material difference between offer and acceptance creates a rejection of the offer.

Correct AnswerverifiedShow Answer

In general, the mailbox rule is beneficial to:

Correct AnswerverifiedShow Answer

Under the mailbox rule, the acceptance of an offer is effective at the time the acceptance is dispatched unless:

Correct AnswerverifiedShow Answer

Transfer of title deeds is a function wherein silence signals acceptance of the offer.

Correct AnswerverifiedShow Answer

How can courts prevent an offeror from revoking a unilateral contract once the offeree has started performance?

Correct AnswerverifiedShow Answer

An ambiguous the offer may be accepted in any manner that is _____ in light of the circumstances.

Correct AnswerverifiedShow Answer

The shipment of non-conforming goods intended as an accommodation to the buyer is a(n) _____.

Correct AnswerverifiedShow Answer

Sue Sandon and Joe Rhine have concluded their agreement in all substantial matters of their contract for goods offer like price, quantity, and mode of delivery but the formal written agreement has not been signed yet. Is there a binding contract at present?

Correct AnswerverifiedShow Answer

Why is the mirror image rule not strictly applied to modern commercial transactions?

Correct AnswerverifiedModern commercial transactions are carri...View AnswerShow Answer

The UCC section 2-207 allows a contract to be formed even though the terms of the offer and the terms of the acceptance differ.

Correct AnswerverifiedShow Answer

To accept an offer for a unilateral contract, the offeree must make the promise requested by the offer.

Correct AnswerverifiedShow Answer

The intent to accept is objectively demonstrated by words or conduct or a combination of the two.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

When the offeror, as the master of the offer, specifies the precise time, place, and manner in which acceptance must be communicated, it is termed as _____.

Correct AnswerverifiedShow Answer

The UCC states that a properly dispatched acceptance sent by a reasonable means of communication within a reasonable time is effective on dispatch. What does the UCC mean by "reasonable" here?

Correct AnswerverifiedThe understanding of what constitutes "r...View AnswerShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Modern commercial transactions are carri...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The understanding of what constitutes "r...
View Answer