Chapter 8 Quiz

If an advertisement offers a reward for information that might lead to the arrest of a criminal or to the return of a lost article, it is regarded as a: a. request for an offer b. reward offer c. public offer d. call for a bid

public offer

Offers are terminated for all of the following reasons EXCEPT: a. lapse of time b. revocation c. rejection d. silence

silence

All of the following are required for a valid offer, EXCEPT: a. definite and certain b. communicated to the offeree c. made with serious intent d. stated in writing

stated in writing

A proposal that is both offered by the offeror and accepted by the offeree is a contract which is: a. void b. invalid c. valid d. voidable

valid

Advertising is generally regarded as a(n): a. firm offer b. commitment to sell c. invitation to trade d. executory contract

invitation to trade

If the offer is silent as to the time the acceptance is effective, the ______ states that an acceptance sent via the postal system or by courier is effective when sent. a. rule of contract b. mailbox rule c. acceptance rule d. sent rule

mailbox rule

A call for a bid or estimate for materials to be furnished or work to be done is not considered a(n): a. offer b. acceptance c. requests for proposal d. invitation to acceptance

offer

If an advertisement contains a positive promise and a positive statement of what the advertiser expects in return, the court will usually hold that the advertisement is a(n): a. proposal b. offer c. request d. informal invitation

offer

The words, "firsts come, first served" in advertisments create a language of: a. promise b. offer c. acceptance d. request

promise

When no definite time for acceptance is stated in an offer, it terminates after passing of: a. a reasonable time b. 18 months c. two months d. two years

a reasonable time