Answer t page 202 type n busprog analytic lo 7 1

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South-Western Federal Taxation 2020: Comprehensive
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Chapter 14 / Exercise 7
South-Western Federal Taxation 2020: Comprehensive
Maloney/Raabe/Young
Expert Verified
ANSWER: T PAGE: 202 TYPE: N
BUSPROG: Analytic LO: 7-1 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 16. An offer does not need to be communicated to the offeree to become effective. PAGE: 202 TYPE: N
BUSPROG: Analytic LO: 7-1 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
South-Western Federal Taxation 2020: Comprehensive
The document you are viewing contains questions related to this textbook.
Chapter 14 / Exercise 7
South-Western Federal Taxation 2020: Comprehensive
Maloney/Raabe/Young
Expert Verified
17. An offer made in obvious anger is still an effective offer. PAGE: 202 TYPE: N
BUSPROG: Analytic LO: 7-1 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 18. An expression of opinion—“this is perfect!”—is an effective offer as long as it is not made in jest. PAGE: 203 TYPE: N BUSPROG: Analytic LO: 7-1 BLOOM’S:Knowledge
DIF: Easy AICPA: BB-Legal 19. A seller’s price list is not an offer. PAGE: 203 TYPE: N BUSPROG: Reflective LO: 7-1 BLOOM’S:Comprehension
DIF: Easy AICPA: BB-Legal 20. The mirror image rule requires an acceptance to adhere exactly to an offer to create a contract. PAGE: 208 TYPE: N
BUSPROG: Analytic LO: 7-3 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 21. If an offeror does not expressly specify a certain mode of acceptance, then acceptance can be made by any reasonable means. PAGE: 210 TYPE: N
BUSPROG: Analytic LO: 7-3 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 22. A forum-selection clause indicates the forum, or location, for the delivery of goods purchased online. PAGE: 211 TYPE: N BUSPROG: Reflective LO: 7-3 BLOOM’S:Knowledge
DIF: Easy AICPA: BB-Legal
23. The agreement resulting from a buyer clicking on a box containing the words “I agree” is known as a click-on agreement. PAGE: 213 TYPE: N BUSPROG: Reflective LO: 7-4 BLOOM’S:Knowledge
DIF: Easy AICPA: BB-Legal 24. A shrink-wrap agreement is an agreement whose terms are expressed inside a box in which the goods are packaged. PAGE: 213 TYPE: N
BUSPROG: Analytic LO: 7-4 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 25. Not all of the terms presented in shrink-wrap agreements have been enforced. PAGE: 214 TYPE: N
BUSPROG: Analytic LO: 7-4 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 26. Browse-wrap terms are arguably not enforceable. PAGE: 214 TYPE: N
BUSPROG: Analytic LO: 7-4 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 27. Under federal law, an electronic signature can be as valid as a signature on paper. PAGE: 214 TYPE: N BUSPROG: Analytic LO: 7-4 BLOOM’S:Knowledge
DIF: Easy AICPA: BB-Legal 28. Under the Uniform Electronic Transactions Act, a typed name at the end of an email message is not considered an e-signature. PAGE: 215 TYPE: N
BUSPROG: Analytic LO: 7-5 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal
29. Consideration is the value given in return for a promise. PAGE: 216 TYPE: N
BUSPROG: Analytic LO: 7-1 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 30. Adequacy of consideration refers to how much consideration is given. PAGE: 216 TYPE: N
BUSPROG: Analytic LO: 7-1 BLOOM’S:Knowledge DIF: Easy AICPA: BB-Legal 31. Past consideration can be legally sufficient consideration.

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