Business Law - Chapter 4 Contracts

The offeree is the one accepting the offer.

• True
• False

All serious agreements are contracts.

• True
• False

When the offeror communicates an offer to contract, the offeree is not required to accept it, but he or she may choose to do so.

• True
• False

Social agreements create legal obligations.

• True
• False

Advertisements are considered invitations to negotiate rather than offers.

• True

• False

Every offer, when properly made, is always ended either by acceptance or rejection by the offeree.

• True
• False

An offer made to one person can be accepted by another.

• True
• False

An offeror's attempt to word the offer so that silence would appear to be an acceptance is valid.

• True
• False

The absence of genuine agreement will make contract papers voidable.

• True
• False

The offeror is the one making the offer,

• True
• False