Politics And GovernmentLawWorksheet 11.1: Agreement
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Worksheet 11.1: Agreement

Cayden Brooks avatar Cayden Brooks
11 April 2024
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1. Agreement is normally evidenced by an offer and an acceptance.
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T
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The offeror must have a(n) serious intention to become bound by the offer.
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In the term
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The terms of the offer must be reasonably certain, or definite, so that the parties and the court can ascertain the terms of the contract.
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In the term
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The offer must be communicated to the offeree.
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In the term
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3. An effective offer requires that a reasonable price be related to market value.
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F
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4. Pascal's new Mercedes won't start one morning and he screams to his passenger, "For a thousand bucks, I'd get rid of this car." The passenger normally CANNOT buy the car for $1,000:
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b. because a reasonable person would know that a serious offer was not being made
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5. Olivia says to Jim, "I think I'll sell my new digital camera for $100, because I'm never going to use it." This statement constitutes:
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c. a statement of future intent
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6. Which of the following statements could be a valid offer?
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e. an auction without reserve
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7. Jake chooses a pair of new running shoes from an online catalog. He is informed via e-mail that those shoes are sold out. What can Jake do?
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d. look somewhere else because the online catalog did not make an effective offer
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8. In an auction, the auctioneer acts as the
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Offeree
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The identification of the
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parties
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The identification of the object or subject matter of the contract
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In the term
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The consideration to be paid.
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In the term
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The time of payment, delivery, or performance.
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In the term
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10. The requirement that an offer be properly communicated to the offeree means that the offeror must inform the offeree about the offer in some effective way.
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T
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Revocation
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Unless the offer is irrevocable, it can be revoked at any time before acceptance without liability.
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Rejection
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Accomplished by words or actions that demonstrate a clear intent not to accept the offer; not effective until received by the offeror or the offeror's agent.
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Counteroffer
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A rejection of the original offer and the making of a new offer.
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Lapse of time
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The offer terminates at the end of the time period specified in the offer or, if no time period is stated in the offer, at the end of a reasonable time period.
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Destruction of the subject matter
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When the specific subject matter of the offer is destroyed before the offer is accepted, the offer automatically terminates.
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Death or Incompetence of the offeror or offeree
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If the offeror or offeree dies or becomes incompetent, this offer terminates (unless the offer is irrevocable).
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Supervening illegality
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When a statute or court decision makes the proposed contract illegal, the offer automatically terminates.
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13. Which of the following occurrences will NOT terminate an offer?
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a. acceptance
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14. An acceptance must match the terms of the offer exactly in order to be valid. This is known as the mailbox rule.
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F
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15. The mailbox rule means that once an acceptance is sent or otherwise communicated to the offeror by an authorized means, the acceptance is effective.
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T
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16. You receive a letter telling you that you will start receiving a box of fresh fruit each month and that if you don't want it, you have to reply within seven days. You ignore the offer. Your silence
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does not constitute an acceptance of the offer
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17. An acceptance sent by means not expressly or impliedly authorized normally is not effective until it is received by the offeror.
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T