Question 1

Pacific Charter Company offers to provide an air-conditioned bus to Quincy's tour group for $1,500 plus the cost of the fuel. The mailbox rule applies if Quincy accepts the offer by

Accepted Answer

A)   ​e-mail.
B)   ​phone.
C)   ​regular mail.
D)   ​any of the choices.E) B) and C)
F) B) and D)

Question 2

Revocation is effective on dispatch.

Accepted Answer

A) True 
 B)False

Question 3

If no time for acceptance is specified in an offer, the offer terminates after a reasonable length of time.

Accepted Answer

A) True 
 B)False

Question 4

An acceptance must be unequivocal.​

Accepted Answer

A) True 
 B)False

Question 5

Megan gives out a business card with an e-mail address on it. It is reasonable to infer that Megan has consented to

Accepted Answer

A)   ​transact business electronically.
B)   ​submit to the recipient's jurisdiction.
C)   ​respond to e-mail sent to that address.
D)   ​nothing.E) B) and C)
F) C) and D)

Question 6

An offer terminates automatically when the time specified in the offer has passed.

Accepted Answer

A) True 
 B)False

Question 7

An effective offer requires reasonably definite terms.

Accepted Answer

A) True 
 B)False

Question 8

An offeror's subjective intent determines the effectiveness of an offer.

Accepted Answer

A) True 
 B)False

Question 9

Orb, Inc., does business online around the globe. The United Nations Convention on the Use of Electronic Communications in International Contracts and other international agreements improve global commercial certainty by

Accepted Answer

A)   ​all of the choices.
B)   ​determining an Internet user's location for legal purposes.
C)   ​providing that e-signatures are the equivalent of signatures on paper.
D)   ​providing for the recognition of judgments by other nations' courts.E) A) and D)
F) B) and C)

Question 10

Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer

Accepted Answer

A)   ​the deal is binding except for the promise to hold the offer open.
B)   ​a reasonable period of time is implied.
C)   ​the offer must be held open for an indefinite period.
D)   ​the deal is done.E) A) and B)
F) All of the above

Question 11

A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction.

Accepted Answer

A) True 
 B)False

Question 12

An offer may invite an acceptance to be worded in specific terms but that cannot make the contract definite.

Accepted Answer

A) True 
 B)False

Exam 12: Agreement in Traditional and E-Contracts

If no time for acceptance is specified in an offer, the offer terminates after a reasonable length of time.

Correct Answer
verified

An effective offer requires reasonably definite terms.

Correct Answer
verified

A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction.

Correct Answer
verified

An acceptance must be unequivocal.

Correct Answer
verified

Revocation is effective on dispatch.

Correct Answer
verified

An offer may invite an acceptance to be worded in specific terms but that cannot make the contract definite.

Correct Answer
verified

Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer

Correct Answer
verified

Pacific Charter Company offers to provide an air-conditioned bus to Quincy's tour group for $1,500 plus the cost of the fuel. The mailbox rule applies if Quincy accepts the offer by

Correct Answer
verified

Orb, Inc., does business online around the globe. The United Nations Convention on the Use of Electronic Communications in International Contracts and other international agreements improve global commercial certainty by

Correct Answer
verified

Megan gives out a business card with an e-mail address on it. It is reasonable to infer that Megan has consented to

Correct Answer
verified

An offeror's subjective intent determines the effectiveness of an offer.

Correct Answer
verified

An offer terminates automatically when the time specified in the offer has passed.

Correct Answer
verified

Exam 12: Agreement in Traditional and E-Contracts

If no time for acceptance is specified in an offer, the offer terminates after a reasonable length of time.

Correct AnswerverifiedShow Answer

An effective offer requires reasonably definite terms.

Correct AnswerverifiedShow Answer

A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction.

Correct AnswerverifiedShow Answer

An acceptance must be unequivocal.​

Correct AnswerverifiedShow Answer

Revocation is effective on dispatch.

Correct AnswerverifiedShow Answer

An offer may invite an acceptance to be worded in specific terms but that cannot make the contract definite.

Correct AnswerverifiedShow Answer

Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer

Correct AnswerverifiedShow Answer

Pacific Charter Company offers to provide an air-conditioned bus to Quincy's tour group for $1,500 plus the cost of the fuel. The mailbox rule applies if Quincy accepts the offer by

Correct AnswerverifiedShow Answer

Orb, Inc., does business online around the globe. The United Nations Convention on the Use of Electronic Communications in International Contracts and other international agreements improve global commercial certainty by

Correct AnswerverifiedShow Answer

Megan gives out a business card with an e-mail address on it. It is reasonable to infer that Megan has consented to

Correct AnswerverifiedShow Answer

An offeror's subjective intent determines the effectiveness of an offer.

Correct AnswerverifiedShow Answer

An offer terminates automatically when the time specified in the offer has passed.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

An acceptance must be unequivocal.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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