Week 2 - Offer

Week 2 - Offer

University

7 Qs

quiz-placeholder

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Week 2 - Offer

Week 2 - Offer

Assessment

Quiz

Other

University

Practice Problem

Easy

Created by

Tatiana Dustin

Used 1+ times

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7 questions

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1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A unilateral contract _______ immediately impose an obligation on either party to perform.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which scenario looks most like a bilateral contract?

Party A promises to pay $100 for Party B to give Party A a book.

Party A promises to give $100 in exchange for the return of their missing cat.

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

These features must be present for an offer to be legally effective

a clear statement that contains the essential terms of the agreement

a monetary exchange

a statement made to another person

offeror intends to be bound by the terms.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The display of an article together with its price constitutes an invitation to treat.

True

False

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

An off can be withdrawn at any time ______ acceptance.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You don't have to communicate your intention to withdraw your offer to the offeree.

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you make an error in an electronic communication, you can withdraw the offer whenever.

true

false

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