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Multiple Choice Quiz
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1
Charlie tells Bo that he is looking for a new car. Bo says that he will sell Charlie his car for $12,000. Charlie says he wants to think it over. In what stage of contract formation are Charlie and Bo?
A)negotiation
B)intention
C)acceptance
D)contract
2
How certain and definite must an offer be?
A)absolutely
B)somewhat
C)convencienly
D)reasonably
3
Alpha Inc. offers to purchase all the coal it needs from Mountain Mining Inc. Alpha and Mountain have what type of agreement?
A)output
B)requirement
C)illusory
D)cost-plus
4
Janet promises to pay Roberto $20 to wash her car. Roberto may accept Janet's offer by _____.
A)promising to wash the car
B)specifying to wash the car
C)preparing to wash the car
D)washing the car
5
Norm offers to sell his horse to Gary for $1,000. Gary states that he accepts the offer provided Norm includes a month of riding lessons. What is the legal status of Gary's statement?
A)counteroffer
B)acceptance
C)offer
D)implied acceptance
6
Cindi receives via FedEx a new DVD player that she did not order. What is Cindi's legal obligation?
A)none
B)hold the DVD player for a reasonable time
C)promptly return the DVD player
D)pay for the DVD player
7
Grandma Jones offers by mail to sell her house to Allen for $80,000. She dies unexpectedly. Allen sends his acceptance the next day after her death. Is there an enforceable contract?
A)Yes, if Allen did not know of the death.
B)No, the death terminated the offer.
C)Yes, if Allen responded in a reasonable time.
D)No, since the death was unexpected.
8
Dexter is considering purchasing from Lisa a vacant lot and opening a fast food restaurant. However, he heeds a month to obtain his financing. How may Dexter secure an enforceable offer to purchase the lot?
A)requirement contract
B)firm offer contract
C)option contract
D)security contract
9
Which of the following contains rules regarding cybercontract law:
A)The Uniform Electronic Transactions Act
B)The C-Sign Act
C)The Internet Contract Act
D)The Cyberspace Transactions Act
10
A cyberofferor should include the following terms in their offer:
A)payment criteria
B)liability disclaimer
C)return procedures
D)all of the above





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