Unit 08 Homework - Unit 08 Homework True/False 1 Statements...

This preview shows page 1 - 2 out of 3 pages.

Unit 08 Homework True/False: 1. Statements obviously made in jest do not constitute offers. True 2. In determining whether an offer has been made, the real intent of the offeror counts rather than the apparent intent. False 3. Most advertisements are offers which the public may accept. False 4. Under the mailbox rule, offers are effective when mailed. False 5. Bilateral offers must be communicated, but not unilateral offers. False 6. The law does not make contracts for the parties. True 7. Ed says to Mary, 'I will sell you any one of these five bicycles for $50 cash.' Since the offer states alternatives, it lacks definiteness. False 8. The UCC is generally more liberal than the common law regarding definiteness. True 9. An offer which does not expressly state a time limit will lapse, under the common law rule, after a reasonable time. True 10.An offer once rejected is terminated and cannot be later accepted if the offeror received the rejection. True 11.A minor may ratify or disaffirm a contract at any time prior to becoming an adult. False 12.A minor can disaffirm an executory contract for necessities. True Multiple Choice: 1. Company S has five stores. A newspaper advertisement lists a specified 19-inch color television for $199, but states it is not available at one specific store. A. A customer may demand the television at any of the five stores, because advertisements always constitute offers. B. The advertisement is an invitation to the consumer to make an offer. C. Company S must have the television available, even at the store the ad specified did not have the television, or it is engaging in deceptive practices. D. Two of the above.
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Fall '09
  • ERNIESMITH
  • Law, A. Joe

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern