Chapter 10 - Agreement/Offer

Courts apply the subjective theory of contracts when determining whether intent to contract existed.

• True
• False

The UCC often creates contractual liability where no contract would result under common law.

• True
• False

Sales puffery may be deemed to be a valid offer.

• True
• False

An offer requires:

• Intent and communication to offeree
• Definiteness of terms
• Motive
• Both red triangle and blue diamond

Which is not an invitation to negotiate:

• advertisement of sale
• offer of reward
• auction