Contract Questions

The widower of the person to whom it is made the

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: er) of the person to whom it is made. the partner of the person to whom it is made. all of the above. 122. An offer may terminate by a. revocation. b. rejection. c. d. death of either party. all of the above. 123. An offer need not take any particular form to have legal validity. To be effective, however, it must: a. be spoken directly to the offeree. b. always contain the price of the product or service offered. c. always contain the place of delivery. d. be communicated to the offeree. 124. a. b. c. d. An offer to sell a tract of real property is terminated at the time the buyer mails a counter-offer. seller mails his/her revocation if the original offer was made by mail. buyer mails a rejection of the offer, if the original offer was received by mail. buyer learns of the sale of the property to a third party. 125. An offer under Article 2 of the UCC that is irrevocable even though no consideration is given to keep it open is known as a/an: a. option. b. firm offer. c. requirements c...
View Full Document

Ask a homework question - tutors are online