Contract Questions

Legal as long as the prizes are donated c d gambling

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Unformatted text preview: are donated. c. d. gambling. not gambling so long as the word “donation” is on the raffle ticket. 68. A scheme for the distribution of property by chance among persons who have paid or agreed to pay a valuable consideration for the chance is a usury loan. gambling statute. lottery. all of the above. a. b. c. d. 69. a. b. c. d. 70. A standard-form offer for the sale of goods says that all disputes under the contract must be subjected to arbitration. The standard-form acceptance rejects arbitration. Which of the following is most true? Assume that the acceptance is a definite and seasonable expression of acceptance. No contract here, because there is a material difference between offer and acceptance. There only is a contract if both parties are merchants. There is no contract if the offeree’s acceptance was expressly conditional on the offeror’s rejection of arbitration, and the offeror did not agree to reject arbitration. There is only a contract if neither party is a merchant. a. b. c. d. A state st...
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