Blaw Quiz 5

Green River Gas Company offers to sell Far East Energy, Ltd., a certain quantity of liquefied natural gas. If Far East sends an acceptance via Green River's authorized mode of communication, it will be effective when it is Written Sent In transit Received

Sent

Rico, a user of SmartPhoneApps.com's Web site, can download apps for free if he first clicks on "I accept" after viewing certain terms. This is ​a contract that includes the terms. ​a contract that does not include the terms. ​not a contract but the terms are enforceable. ​unenforceable.

​a contract that includes the terms.

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 the deal is binding except for the promise to hold the offer open. the deal is done. ​the offer must be held open for an indefinite period. a reasonable period of time is implied.

a reasonable period of time is implied.

On May 1 Ralph offers to cure and smoke Sam's pork. On May 3 Ralph mails Sam a letter revoking the offer. Sam receives the letter on May 5 and responds on May 6. Ralph's revocation of the offer became effective on May 5. ​became effective on May 1. ​became effective on May 3. ​did not become effective because Sam responded to the offer.

became effective on May 5.

Simone offers Thom a dozen piano lessons for a certain price per lesson but conditions the deal on Thom accepting the offer by April 1. Simone may revoke the offer ​before April 1, whether or not Thom has accepted the offer. before Thom accepts the offer. ​only after Thom accepts the offer. ​only after April 1.

before Thom accepts the offer.

Business Properties, Inc. (BPI), offers to sell a cold storage warehouse to Corporate Investments. Corporate says that it will pay BPI $100 to hold the offer open for three business days. This ​creates an illegal contract by adding a clause to BPI's offer. negates BPI's offer by changing the price term. voids BPI's offer by extending the time term. makes the offer irrevocable for three days if BPI accepts.

makes the offer irrevocable for three days if BPI accepts.

An ad on the NewsNow Web site asks viewers to "send us your story and we might share it with the world." Ollie submits a manuscript, adding, "I accept your offer." Between NewsNow and Ollie, there is a contract for the publication of Ollie's story. ​a contract to negotiate for the publication of Ollie's story. ​a contract to consider Ollie's story before any others. no contract.

no contract.

Maya tries to start her new car with no success. She yells that she will sell the car to anyone for $10. Nero, a passerby who owns Nero's Motors, hands Maya $10. This is a valid acceptance because Nero is a professional dealer. a valid acceptance because Maya is seriously frustrated. ​not a valid acceptance because Nero is only passing by. not a valid acceptance because Maya does not seriously intend to sell.

not a valid acceptance because Maya does not seriously intend to sell.

Lou offers to service Millie's heating and air conditioning system for one year for $500. Under the mirror image rule, Millie's response will be considered an acceptance if the terms of the acceptance change the items offered, but do not change the price. change both the price and the items offered. ​change the price, but do not change the items offered. ​exactly mirror those of the offer.

​exactly mirror those of the offer.

Rhonda asks Steve, "Do you want to buy me to repair your fishing net?" This is ​not a valid offer because Steve did not respond. ​a valid offer. ​not a valid offer because the terms are not definite. ​not a valid offer because Rhonda did not express an intent.

​not a valid offer because the terms are not definite.

Jon says to Kris, "I would like to sell you my sports memorabilia collection." This is not an offer because it does not include a price term. ​only invites Kris to negotiate. ​only expresses an opinion. ​does not describe the subject matter sufficiently.

​only invites Kris to negotiate.

Wally offers to repair and service a forklift for Valu Lumber Outlet, but Wally dies before Valu accepts. Most likely, Wally's death ​does not affect the offer. ​terminates the offer. ​extends the time of the offer. ​shortens the time of the offer but does not terminate it.

​terminates the offer.