Business Law: Chapter 6 (Offer & Acceptance) Review

Front

The person to whom an offer is made is the

Back

offeree

Front

All contracts have to be in writing to be enforceable.

Back

False

Front

Offeree gives something of value for a promise to keep the offer open is a(n)

Back

Option

Front

No response can be construed as acceptance

Back

False

Front

Acceptance is effective when

Back

sent

Front

If a person does not know of a reward, is he/she still entitled to it?

Back

No

Front

Contract where performance alone is acceptance

Back

unilateral

Front

Which of the following advertisements are invitations to negotiate? Newspapers, Radio, Television, All of these

Back

All of these

Front

Nearly all offers must, at a minimum, identify: price, subject matter, quantity, or all of these?

Back

all of these

Front

Withdrawal of an offer before acceptance is

Back

revocation