Common Contract Law - Duy L. Ton-That BUL 5332 Common Law...

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Duy L. Ton-That BUL 5332 Common Law Contracts 1. D is the correct answer because an offer can be revoked up until acceptance and does not need to be in writing as well as effective upon receipt, and A & B are incorrect. C is just BS. 2. If Benson promises to perform the act and Justin acknowledges it, acceptance is effective. So A is correct and B, C and D are wrong. 3. C is correct since statue of Fraud requires any contract for real estate must be in writing. Therefore B is wrong. UCC does not cover real estate contract so A is wrong and D is BS. 4. D is correct because there is a valid option K, Martin’s telephone on January 5 th is not a counter offer. So A is wrong since there is a option contract, B is wrong since that is not a counter offer, C is wrong since Lemon was bound by the option contract to hold his K open. 5. A is correct since there is a mutual consideration between the two parties, Montrose’s offer was irrevocable. Silence is not acceptance so B is wrong. Revocation can be in any form of communication as long as it is received by offeree, so C is wrong. D is wrong since an offer can be revoked any time before acceptance. 6.
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Common Contract Law - Duy L. Ton-That BUL 5332 Common Law...

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