false The offeree has the power to create a contract by accepting the offer. true The making of an offer occurs prior to the formation of a contract. true Objective intent refers to the actual intent of a particular person. false An offer made in jest, where a reasonable person would conclude that it was made in jest, cannot result in a contract. true An offer made in anger, where a reasonable person would not have known that it was made in anger, cannot result in a contract. true The effectiveness of an offer is partially dependent upon whether or not it has been communicated to the offeree. true Where the terms of an offer are indefinite, the court can supply a missing term if a reasonable term can be implied. true Under modern law, the court can supply a missing contract term if a reasonable term can be implied. true An offer is considered communicated to the offeree so long as it has been communicated to the offeree in some way by someone.
false The communication of an offer can be made by the offeror or the offeror's agent. true Generally, advertisements, catalogs, price lists, etc. are not treated as offers. true An advertisement reading, "Our last Trailconquerer XL100 mountain bike, stock number T990234, will be sold to the first buyer with $700," would not be treated as an offer. false Reward offers are offers to enter into a unilateral contract. true To be entitled to collect on a reward offer, a person need only perform the requested act. false In an auction without reserve, the seller is the offeror. true In an auction without reserve, the seller must accept the highest bid and cannot withdraw the goods from sale. true
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- Summer '17
- William F. Carmody