Offers & Acceptance

The right to withdraw an offer before it is accepted is

• revocation

• a counteroffer

• termination

• consideration

Generally defined ______________ are agreements between two or more parties that create obligations.

• offers

• contracts

• treaties

• agendas

The person to whom an offer is made is the __________________.

• offer
• contracts
• offeree
• offeror

What lack of communication can not be used to constitute an acceptance?

• Silence
• Email
• Verbal
• Telephone

The terms of a contract must be accepted by the party to whom it was communicated.

• True

• False

An agreement to commit a crime could be considered a legal contract.

• True

• False

An arrangement between two friends to attend a concert is not a contract.

• True

• False

An offeror must appear to be serious when making an offer.

• True

• False

Words spoken in anger are not considered an offer.

• True

• False

Advertisements are usually considered legal offers.

• True

• False