1 The mirror image rule can be defined asA) an acceptance which has not changed the terms of the original offer in any way. B) limited acceptance to the terms in an original offer. C) the ability to add new terms to a contract without an attorney present. D) a counteroffer made to the original offeror. 2 A contract that is missing one of the six elements is consideredA) void. B) unilateral. C) limited. D) unenforceable. 3 An offer of a reward is an example of a(n)A) voidable contract. B) unenforceable contract. C) bilateral contract. D) unilateral contract. 4 Fraud, misrepresentation, and undue influence can destroy theA) mutual exchange or consideration of the agreement. B) genuineness of an agreement. C) acceptance of the agreement. D) capacity for the agreement. 5 An implied contract isA) always a unilateral contract. B) a contract between two minors. C) often created without exchanging a single word. D) one the court will not uphold. 6 An offer has three basic requirements:A) it must be revocable, it must be definite, and it must be made in person. B) it must be made seriously, it must be definite, and it must be communicated to the offeree. C) it must be include an invitation to negotiate, it must be unconditional, and it must be made in person. D) it must be legally binding, it must have a time limit, and it must be revocable. 7 A counteroffer is a response to an offer in whichA) the original terms of the offer are changed. B) the original offeror is obligated to accept. C) revocation is required. D) the offeree must accept within 24 hours. 8 An acceptance that must be sent over long distances is effectiveA) when it is received. B) 24 hours after it is sent. C) 48 hours after it is sent. D) when it is sent. 9 Most contracts are created asA) implied contracts. B) bilateral contracts. C) unilateral contracts. D) express contracts. 10 Most advertisements in newspapers, magazines and catalogs are treated asA) offers. B) invitations to negotiate. C) genuine agreements. D) implied contracts.