Contract Law: Offers and Acceptance

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

• True

• False

Aria and Ethan agree to rob a bank. Can this agreement be considered a contract?

• True

• False

Preliminary negotiations are considered to be offers.

• True

• False

Scarlett made an offer to sell her bicycle to Noah. Can Abigail, who is not the intended offeree, accept the offer?

• True

• False

Ethan sees an advertisement in the newspaper that clearly states, "The first person to bring a red apple to our store will receive a $100 gift card." This advertisement is clear worded, limited, and asks the offeree to perform an act as a way of accepting. Can this be considered an offer?

• True

• False

Olivia made an offer to sell her bicycle to William. If William rejects Olivia's offer, the offer is terminated.

• True

• False

A counteroffer terminates the original offer.

• True

• False

The UCC makes firm offers binding for the time stated.

• True

• False

Anika and Harper agree to exchange services, with Anika promising to design a website for Harper, and Harper promising to provide marketing services for Anika's business. Is this an example of a bilateral contract?

• True

• False

Words spoken in anger are not considered an offer.

• True

• False