OFFER AND ACCEPTANCE

OFFER AND ACCEPTANCE

University

10 Qs

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OFFER AND ACCEPTANCE

OFFER AND ACCEPTANCE

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Puan Fadzilah

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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

What is an offer in contract law?

A proposal made with the intention to create legal relations

An invitation to negotiate

A final agreement between two parties

A counterproposal from the other party

2.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

Which of the following is a valid way to communicate acceptance?

By remaining silent

By performance of the act specified in the offer

By counter-offering

By sending a letter after rejecting the offer

3.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

What happens if the offer is not accepted within the time limit?

The offer is automatically accepted

The offer lapses and becomes void

The offer is still valid until the offeror cancels it

The offer turns into a counteroffer

4.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

Which of the following is NOT considered a valid acceptance?

Conditional acceptance

Acceptance by post

Acceptance by performance

Verbal acceptance during a meeting

5.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

When does an offer become effective?

When it is made

When it reaches the offeree

When the offeree accepts it

When the offeror decides to act on it

6.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

Which of the following is an example of a counteroffer?

Rejecting the offer completely

Asking for more information

Changing the terms of the original offer before accepting

Agreeing to the offer as presented

7.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

An invitation to treat can be best described as:

A binding legal offer

A preliminary step to invite offers

An acceptance of a proposal

A rejection of an offer

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