Contract Questions

522 which of the following is true with regard to an

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Unformatted text preview: ory estoppel always equal the value of the promise relied upon by the promisee. c. It requires consideration. d. It applies only when one or both parties is a merchant. 521. Which of the following is true regarding the approach taken by the UCC toward the proper means of acceptance and the implications of using it or not using it? a. If the offer authorizes a certain means of acceptance, the offeree must use that means or else there is no acceptance. b. If the offer authorizes a certain means of acceptance and the offeree uses another means, a contract is formed but never before the offeror receives the acceptance. c. Where the offer stipulates a certain means of acceptance, any reasonable means of acceptance will create a contract. d. The UCC does not change the traditional rule that, where the offer stipulates a certain means of acceptance, the acceptance must use that means or there is no contract. 522. Which of the following is true with regard to an exculpatory clause? a. An exculpatory clause exc...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.

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