Contract Questions

Arthur mails a revocation of the offer on june 17

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Unformatted text preview: . Arthur mails a revocation of the offer on June 17. Brian mails a letter of acceptance on June 18. Brian receives the revocation on June 19. Was a contract formed? a. Yes, on June 16. b. Yes, on June 17. c. Yes, on June 18. d. No, the offer was revoked before acceptance. 144. Arthur offers to sell some land to Bill and says that he will keep the offer open for two weeks if Bill will pay him for the privilege. Bill pays $10. A/An ____________ contract has been formed. a. option b. implied in fact c. unilateral d. formal 145. a. b. c. d. 146. a. b. c. d. Article 2 of the UCC does not apply to a sale of: ball bearings. wheat that has been harvested. real estate. a new car. Article 2 of the Uniform Commercial Code deals with what type of property? Real Personal Intangible Business 147. a. b. c. d. As a general principle of contract law: a promise cannot constitute consideration. an act cannot constitute consideration. the court evaluates the adequacy of consideration. the courts do not evaluate the adequacy of consideration. 14...
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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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