Chapter11 Agreement NEW

Chapter11 Agreement NEW - 1. May tries to start her new car...

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1. May tries to start her new car with no success. She yells that she will sell the car to anyone for $10. Nick, a passerby who owns Nick’s Pre- owned Autos, hands May $10. This is a. a valid acceptance because May is seriously frustrated. b. a valid acceptance because Nick is a car dealer. c. not a valid acceptance because May does not seriously intend to sell. d. not a valid acceptance because Nick is a car dealer. 2. Alan, a representative of Beta Services, Inc., makes an offer to Carol, the owner of Delta Products, Inc. The offer is effective even if a. Alan does not communicate it to Carol. b. Alan secretly does not intend to be bound by the offer. c. Carol is not capable of accepting the offer. d. the terms of the offer are not reasonably definite. 3. Jill tells Ken, who has no knowledge of literary comedy, that she will tutor him in the subject for $50. As an offer, this is a. effective. b. not effective, because comedy is not a serious subject. c. not effective, because Jill’s tutoring will be subjective. d. not effective, because Ken has no knowledge of the subject. 4. Beth goes to Dr. Carl for surgery. Carl says that Beth should be fully
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healed within a week. Beth is not healed within a week. With respect to breach of contract, Carl is a. liable. b. not liable, because surgery is not a proper subject for a contract. c. not liable, because the statement was an opinion. d. not liable, but Beth is excused from paying Carl. 5. John says to Kris, “I would like to sell you my sports memorabilia collec- tion.” This is not an offer because it a. does not describe the subject matter specifically. b. does not include a price term.
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This note was uploaded on 05/18/2011 for the course BUSINESS 2041 taught by Professor Miller during the Fall '08 term at DeAnza College.

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Chapter11 Agreement NEW - 1. May tries to start her new car...

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