Chapter 12

Question 1

An expression of opinion can indicate an intent to enter into a binding agreement.

Answer 1

False

Question 2

In effect, a counteroffer converts the original offeror into an offeree with the power of acceptance.

Answer 2

True

Question 3

For a contract to be considered valid and enforceable, the parties to a deal must:

Answer 3

Manifest voluntary consent to the same bargain

Question 4

Lonnie says to Mary, “I think I would like to sell you my sofa.” This statement is:

Answer 4

an invitation to negotiate, not an offer.

Question 5

For a court to determine if a contract has been breached and to give an appropriate remedy, the offer must include terms that are at least:

Answer 5

Reasonably definite

Question 6

Tara tells Brian that she will pay him $100 if he paints the outside of her house. Because this is a unilateral contract, Brian’s acceptance is complete:

Answer 6

only after he paints the house

Question 7

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

Answer 7

True

Question 8

Merely inquiring about an offer constitutes rejection.

Answer 8

False

Question 9

Acceptance of an offer by a method not authorized by the offeror always renders the offer invalid.

Answer 9

False

Question 10

Violet, a user of Phone-App.com’s website, can download apps for free by first clicking on “I accept” after viewing certain terms. This is:

Answer 10

a contract that includes the terms she viewed.