An offer can become irrevocable

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Reference no: EM132108144

MULTIPLE CHOICE (Choose the one best answer from those given.)

1. Philip also offers to sell all his outdoor furniture to Dina, for $100. In her reply email, Dina agrees to buy it from Philip. Dina and Philip have

A. an implied-in-law contract

B. an express contract

C. a quasi-contract

D. an implied-in-fact contract

2. Ted and Bob enjoy a few drinks together, and then Ted offers to sell Bob Ted’s custom motorcycle for $25. Bob gives Ted $25 and, with the help of others, gets the motorcycle home. The next day, Ted seeks to rescind the sale. In order for a court to order rescission of the sale, Ted would be required to prove

A. that he did not understand the legal consequences of his act at the time of the sale.

B. that his blood alcohol level was above the legal limit.

C. that Bob’s blood alcohol level was above the legal limit.

D. none of the above—the court will never order rescission of the sale under those circumstances.

3. An offer can become irrevocable if

A. the offeree pays (or gives other consideration) to have the offer held open just for the offeree.

B. no other offerees are available to accept the offer.

C. the offeree justifiably relies on the offeror’s offer, to the offeree’s detriment.

D. either the offeree pays (or gives other consideration) to have the offer held open just for the offeree OR the offeree justifiably relies on the offeror’s offer, to the offeree’s detriment.

4. Greg blackmails Heidi (threatening physical harm to her family), to get her to enter into a contract with him. If Heidi later asks a court to set aside their contract (order it unenforceable), it will be on the ground of

A. undue influence

B. puffery

C. duress

D. fraud

Reference no: EM132108144

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