1. For a communication to be an offer,
a. It must be addressed to one or more specific persons.
b. It must describe the goods and state or provide a means for determining thier quantity.
c. It must state or provide a means for determiing the price
d. Both a and b above
2. For an offer to be irrevocable (i.e, to make it a "firm offer"),
a. The offeror must state or imply that the offer is irrevocable
b. The offer must be in writing
c. the offer must be signed
d. All of the above
e. Both b and c above
3. An offer can be made irrevocable (i.e, made a "firm offer") if:
a. It is made by a merchant
b. it is in writing singed by the offeror
c. it is limites in time to no more than 3 months
d. All of the above
e. Both a and b above
4. An offered may withdraw his acceptance of a offer:
a. any time before it is dispatched
b. any time before it is received
c. simultaneous with its receipt
d. all of the above are true
e. both a and b are true
5. Delta Co. in State D sent an offer by email to Echo Co. in State E on 1st Jan.
On 10th Jan, Echo Co. mailed back a rejection.
On 11th Jan, Echo Co. changed its mind and sent an acceptance in the mail.
On 22nd Jan, the acceptance was received.
On 23 Jan the rejection was received. There was:
a. No contract because the rejection was effective on its dispatch on 10 Jan
b. a contract because the acceptance was effective on its dispatch on 11 Jan
c. a contract because the acceptance was effective on its receipt on 22 Jan
d. No contract because the rejection was effective on its receipt on 23 Jan
e. None of the above