Ch11 - Ch.11 quiz Instructions Please read the questions...

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Ch.11 quiz Instructions Please read the questions carefully. This assessment is worth 100 points. 1. In recent common law cases, courts have shown a growing tendency to apply the ?mirror-image rule? in a liberal fashion, by holding that only a material difference between offer and acceptance creates a rejection of the offer. (5 points) True False 2. A offers to mow B's lawn for $100. B says in reply: "This is outrageous! You're taking advantage of me! But I accept." B indeed has accepted A's offer. (5 points) True False 3. At common law, an acceptance that materially differs from the terms of the offer may be a counteroffer. (5 points) True False 4. In some cases, UCC section 2-207 allows a contract to be formed even though the offer and the acceptance materially differ. (5 points) True False 5. To accept an offer for a unilateral contract, the offeree must fully perform the requested act. (5 points) True False 6. An offer states that the offeree accepts if he does not respond. In this case, the general rule is that the offeree must reject the offer if he wishes not to be bound. (5 points) True False 7. If an offer merely suggests that the offeree accept by registered letter, the offeree can accept within a reasonable time by any reasonable means. (Do not consider the UCC or the Restatement (Second) of Contracts.) (5 points) True False
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8. Where an offer stipulates a certain means of acceptance, the offeree's acceptance is effective upon dispatch if he uses that means. (5 points) True False 9. The UCC says that where an offer is unclear about the form of acceptance it requires, the offer may be accepted in any manner that is reasonable under the circumstances. (5 points) True False 10. Under the UCC, an order requesting prompt or current shipment of the goods may be accepted either by a prompt promise to ship, or by a prompt or current shipment of the goods. (5 points)
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This note was uploaded on 02/28/2012 for the course ACCT 460 taught by Professor Charley during the Spring '12 term at Aachen University of Applied Sciences.

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Ch11 - Ch.11 quiz Instructions Please read the questions...

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