Podcast
Questions and Answers
Which of the following is considered an exception to the rule about advertisements being mere invitations for offers?
Which of the following is considered an exception to the rule about advertisements being mere invitations for offers?
- If the advertisement is sent to a specific individual
- If the advertisement contains price quotations
- If the advertisement is in a circular letter format
- If the advertisement is clear and explicit (correct)
In a real estate transaction, which of the following is required for an offer involving realty to be valid?
In a real estate transaction, which of the following is required for an offer involving realty to be valid?
- Identification of the offeree
- Identification of the deed description
- Identification of the subject matter
- Identification of the land and price terms (correct)
When selling goods, what is a key requirement for the quantity term in an offer?
When selling goods, what is a key requirement for the quantity term in an offer?
- The quantity must be subject to negotiation
- The quantity must be specified in vague terms
- The quantity must be left open for interpretation
- The quantity must be specific or capable of being made certain (correct)
What happens if the duration of employment is not specified in an offer related to employment and other services?
What happens if the duration of employment is not specified in an offer related to employment and other services?
Which aspect must a promise generally contain to be enforceable even if it does not spell out every material term?
Which aspect must a promise generally contain to be enforceable even if it does not spell out every material term?
What should an offer involving real estate provide in terms of land identification?
What should an offer involving real estate provide in terms of land identification?
What must a communication contain to be considered an offer?
What must a communication contain to be considered an offer?
Which of the following is not necessary for an offer to be valid?
Which of the following is not necessary for an offer to be valid?
How do courts consider the circumstances surrounding language used in determining the existence of an offer?
How do courts consider the circumstances surrounding language used in determining the existence of an offer?
If an agreement fails to specify the time for performance, what does the law imply?
If an agreement fails to specify the time for performance, what does the law imply?
Which language is generally construed as not constituting an offer?
Which language is generally construed as not constituting an offer?
In the context of vagueness in contract terms, what happens if a material term is too ambiguous?
In the context of vagueness in contract terms, what happens if a material term is too ambiguous?
In what context would a statement made in jest still be considered an offer?
In what context would a statement made in jest still be considered an offer?
How can vagueness in contract terms be cured?
How can vagueness in contract terms be cured?
What does technical language like 'I offer' or 'I promise' help show in communication?
What does technical language like 'I offer' or 'I promise' help show in communication?
What happens if an offer allows the offeree to choose between alternative performances?
What happens if an offer allows the offeree to choose between alternative performances?
If an offer states that a material term will be agreed upon at a later date, what does this signify?
If an offer states that a material term will be agreed upon at a later date, what does this signify?
What is the consequence of including a term that makes a contract too vague to be enforced?
What is the consequence of including a term that makes a contract too vague to be enforced?
