The party making an offer is called the ____________. The party to whom the offer is made is called the offeree.
Ch. 22 Contracts - Supplemental Notes Review

Quiz
•
Social Studies
•
10th Grade
•
Hard
SARA RICHARD
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
offering
proposer
offeror
contractor
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) ____________ is when one party proposes to enter into a contract with another.
acceptance
offer
counteroffer
rejection
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____________ is when a party agrees to an offer.
Rejection
Counteroffer
Acceptance
Revocation
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
There are 2 types of rejection of an offer:
Counteroffer
Express rejection
Acceptance
Implied rejection
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a party does not accept an offer before it expires, then the offer has been _________________.
rejected
revoked
accepted
delayed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the offeree rejects the offer and proposes new terms instead, that is a(n) ______________________.
acceptance
counter-offer
revocation
reduction
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An offeror can ________________ an offer anytime before it is accepted.
determine
revoke
undo
rethink
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