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BUS LAW 1 QUIZ 4 - User Robin Juratovac Submitted 11:39 AM...

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User Robin Juratovac Submitted 11/20/11 11:39 AM Name Week Four Quiz Status Completed Score 32 out of 40 points Instructions Question 1 2 out of 2 points The objective theory of contracts provides that it is the offeror who determines whether or not a contract has come into existence. Answer Selected Answer: False Correct Answer: False Question 2 2 out of 2 points Offers for both bilateral and unilateral contracts involve a promise by the offeror. Answer Selected Answer: True Correct Answer: True Question 3 2 out of 2 points Which of the following is NOT needed in all cases in order to have a valid contract? Answer Selected Answer: a signed, written document Correct Answer: a signed, written document Question 4 2 out of 2 points
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Mike is a house painter who orally offers to paint Betty's house for $2,000 by May 1. Betty orally promises to pay Mike $2,000 for the paint job if he completes it by May 1. This a/an: Answer Selected Answer: bilateral contract Correct Answer: bilateral contract Question 5 2 out of 2 points When can an offer to form a unilateral contract be revoked?
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