Contract Questions

Sent by offeree sent by offeree received by offeror

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Unformatted text preview: act by a person after reaching the age of majority A written promise signed by a merchant to keep an offer to sell goods open for 10 days Material modification of a sale of goods contract under the UCC 534. a. b. c. d. e. Which of the following situations are not considered to be sufficient legal consideration? A promise given in exchange for past occurrence Where there is a pre-existing duty Where there is a moral obligation Where there is an illusory promise All of the above 535. Which of the following statements is correct? a. b. c. d. Legal sufficiency has nothing to do with adequacy. Legal adequacy is synonymous with adequacy. Sufficiency is synonymous with adequacy under the code. Legal sufficiency and adequacy are synonymous only in contracts for real property. 536. Which of the following statements is correct? a. b. c. d. An offeree’s rejection is effective when received by offeror. sent by offeree. sent by offeree. received by offeror. 537. Which of the following statements is correct? a. b....
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