Contract Questions

Owner of the object being sold if the auction is with

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Unformatted text preview: eived the telegram on April 15. Under the circumstances, a. a contract was formed on April 14. b. a contract was formed on April 10. c. Ard’s rejection effectively terminated Jet’s offer on April 13. d. Ard’s rejection effectively terminated Jet’s offer on April 15. 422. The parties may enter into a contract for the sale of goods even though they have reached no agreement on that price. a. True b. False 423. The performance of a pre-existing contractual duty is legally insufficient consideration. a. True b. False 424. a. b. c. d. The person to whom an offer is made is called the: grantee. offeree. receivee. receiver. 425. a. b. c. d. The person who makes an offer in an auction is the bidder. auctioneer. owner of the object being sold if the auction is without reserve. owner of the object being sold if the auction is with reserve. 426. a. b. c. d. The plaintiff in a quasi-contract action can recover: lost profits. damages for mental distress. the reasonable value of the benefit conferr...
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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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