18 Questions
Which of the following is considered an exception to the rule about advertisements being mere invitations for offers?
If the advertisement is clear and explicit
In a real estate transaction, which of the following is required for an offer involving realty to be valid?
Identification of the land and price terms
When selling goods, what is a key requirement for the quantity term in an offer?
The quantity must be specific or capable of being made certain
What happens if the duration of employment is not specified in an offer related to employment and other services?
The offer creates a contract terminable at the will of either party
Which aspect must a promise generally contain to be enforceable even if it does not spell out every material term?
Some objective standard for the court to use to supply missing terms
What should an offer involving real estate provide in terms of land identification?
'My house in [specific location]'
What must a communication contain to be considered an offer?
A promise, undertaking, or commitment to enter into a contract
Which of the following is not necessary for an offer to be valid?
Method of communication
How do courts consider the circumstances surrounding language used in determining the existence of an offer?
They look at whether the statement was made in jest, anger, or bragging
If an agreement fails to specify the time for performance, what does the law imply?
The act is to be performed within a reasonable time
Which language is generally construed as not constituting an offer?
'I quote'
In the context of vagueness in contract terms, what happens if a material term is too ambiguous?
The contract cannot be enforced
In what context would a statement made in jest still be considered an offer?
If the hearer reasonably understood it as a serious offer
How can vagueness in contract terms be cured?
By part performance
What does technical language like 'I offer' or 'I promise' help show in communication?
That the offer is valid
What happens if an offer allows the offeree to choose between alternative performances?
The offer becomes definite once the offeree communicates her choice
If an offer states that a material term will be agreed upon at a later date, what does this signify?
The offer is too uncertain if the material term is left for future agreement
What is the consequence of including a term that makes a contract too vague to be enforced?
The presumption of including a reasonable term is negated
Learn about the key elements of an offer including communication through broad media, the nature of advertisements, and the importance of definite terms. Understand how different forms of communication can influence the legal status of an offer.
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