Concerning the definiteness of an offer

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Reference no: EM131012748

1-Which of the following statements is true concerning the definiteness of an offer?

A-The offeree's terms must be clear enough to provide a court with a basis for granting a remedy.

B-Price terms may not be left open in valid offers for the sale of goods.

C-The Code is much stricter than the common law in requiring that no significant terms in the contract be omitted for the courts to consider that a valid offer has been made.

D-The terms of a contract, all of which the offer usually contains, must be reasonably certain so as to provide a court with a basis for determining the existence of a breach and for giving an appropriate remedy.

2-Which of the following statements about Intent is true?

A-Proposals that are made earnestly, even if they lack intent, are deemed to be offers.

B-A promise made under obvious excitement or emotional strain is considered an offer.

C-Preliminary negotiations may not bring about a contract but operate only as an offer to accept.

D-A person exercising her sense of humor by speaking or writing words does not, under any circumstance, let the promisee construe as an offer or a contract.
3-Sal borrowed $2,000 from his friend, Steve. Sal signed a promissory note agreeing to repay the $2,000 in twelve equal monthly installments beginning next month. After making the first payment, Sal made no further payments. After repeated efforts to collect the money, Steve sent Sal a letter threatening to sue him for breach of contract if the loan was not repaid. Steve's letter:

A-constitutes duress.

B-constitutes undue influence.

C-constitutes fraud.

D-is legally permissible.

Reference no: EM131012748

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