PTS:1MSC:AACSB Reflective Thinking12.Candy, Inc. signed an agreement with Sweet Plantation. Under the contract, Candy, Inc. agreed to pur-chase all the sugar cane Sweet Plantation grew during the coming season. This contract will be unen-forceable due to its vagueness.
PTS:1MSC:AACSB Reflective Thinking13.If the offer does not specify a type of acceptance, the offeree may accept in any reasonable manner and medium.
PTS:1MSC:AACSB Analytic14.Software clickwrap and shrinkwrap agreements limiting the manufacturer’s maximum responsibility to a refund of the purchase price even if the software destroys your hard drive have generally been found to be binding against consumers.
PTS:1MSC:AACSB Analytic15.If both parties believe they have a binding contract, this belief settles any later questions about the validity and enforceability of the agreement.
PTS:1MSC:AACSB AnalyticMULTIPLE CHOICE1.John owns a thoroughbred horse named Prince Charming that just ran in the Kentucky Derby. Prince Charming came in last, much to John's frustration and embarrassment. John exclaims in a loud voice, "I'm selling that horse to the first person who hands me $100 bucks!" John has:
PTS:1MSC:AACSB Reflective Thinking