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Offer and Acceptance

Authored by C.S. Whang

Social Studies

Used 33+ times

Offer and Acceptance
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 

Mr. Plant told Ms. Dolittle, “I will sell you a beautiful diamond earring if you pay me $400 USD. The offer is good for three days.”

Ms. Dolittle gave Mr. Plant two thumbs up.

Does this create a binding contract?

Yes

No

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Plant told Ms. Dolittle, “I will sell you a beautiful diamond earring if you pay me $400 USD. The offer is good for three days.”

Ms. Dolittle immediately wrote Mr. Plant a check for $400 USD.

Does this create a binding contract?

Yes

No

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Plant told Ms. Dolittle, “I will sell you a beautiful diamond earring if you pay me $400 USD. The offer is good for three days.”

Ms. Dolittle said, “I might agree to that.”

Does this create a binding contract?

Yes

No

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Plant told Ms. Dolittle, “I will sell you a beautiful diamond earring if you pay me $400 USD. The offer is good for three days.”

Ms. Dolittle said, “That’s too expensive, I will buy it for $350.”

Does this create a binding contract?

Yes

No

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Plant told Ms. Dolittle, “I will sell you a beautiful diamond earring if you pay me $400 USD. The offer is good for three days.”

Ms. Dolittle said, “WHAT?  That’s very expensive for an earring that I have not seen, but fine!”

Does this create a binding contract?

Yes

No

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Plant told Ms. Dolittle, “I will sell you a beautiful diamond earring if you pay me $400 USD. The offer is good for three days.”

Ms. Dolittle said, “I accept, but only if the diamonds are at least 2 carats big in total.”

Does this create a binding contract?

Yes

No

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Plant told Ms. Dolittle, “I will sell you a beautiful diamond earring if you pay me $400 USD. The offer is good for three days.”

Ms. Dolittle said, “I accept, but only if that diamond is real.”

Does this create a binding contract?

Yes

No

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