UCC and Revoking an offer

Question 1

To accept a browserwrap a user must have reasonably conspicuous notice and must have manifested unambiguous assent. True or false?

Answer 1

True

Question 2

What different frameworks you can use to evaluate a rule or policy?

Answer 2

Intersectionality
Efficiency
Policy
Fairness
Instituional

Question 3

Rewards are almost always a unilateral contract? True or false?

Answer 3

True. 95% of awards are unilateral contracts.

Question 4

Destiny told izzy she could borrow her pickle ball for $15. Destiny let Leandra borrow it for $20 instead. Offer terminated?

Answer 4

The offeror is the master of the offer.

Question 4

In 2010, Noelle offered to let Destiny buy her Yoga mat for $20 instead.

Answer 4

Terminated via lapse of time.

Question 5

Izzy offered Leandra her graduation speech services at Leandra’s Hiking School Graduation for $400. Leandra offered $250 instead.

Answer 5

Izzy’s offer is terminated and Leandra counter offers.

Question 5

Professor Hill told firm that they would never be on call if they write a drtagt purchase agreement. Professor Hill Died. Offer terminated?

Answer 5

Yes. Hill Died.

Question 6

Forms of Offer Termination

Answer 6

1) Rejected or counter offer
2) Lapse of time
3) Death of offerer
4) Revocation

Question 7

Rejection

Answer 7

Offeree can reject an offer, through words or actions, by communicating that they do not intend to accept the offer; this results in termination of offeree’s power of acceptance.

Question 8

Counter offer

Answer 8

Offer made by offeree to offeror relating to the same matter as original offer and proposing substitute bargain; this results in termination of offeree’s power of acceptance unless offeror manifests another intention.

Question 9

Lapse

Answer 9

offeree’s power of acceptance terminates either (1) at time specified in offer or (2) at end of reasonable time, as determined by all the circumstances existing at time of offer and attempted acceptance.

Question 10

Death/Incapacity

Answer 10

Offeree’s power of acceptance terminates when offeree or offeror either (1) dies or (2) is deprived of legal capacity to enter into proposed contract.

Question 11

Revocation Exceptions:

Answer 11

1. True option
   In writing
   - signed
   - Consideration
   - Reasonable time OR
   Statutory irrevocable
2. Firm offer [UCC
3. Offer for unilateral contract
   - offeree begins performance
   - offeror’s duty conditioned by performance
4. Relainace
   - of substantial character
   - on part of offeree
   - before acceptance
   - Induces action/forbearance