Reference no: EM132209107
1. Deeperwater Equipment Company offers to sell Diving Is Fun, Inc., a certain quantity of scuba tanks. If DIFI sends an acceptance via DEC’s authorized mode of communication, it will be effective when it is
A. in transit
B. received
C. sent
D. written
2. Marianne asks Mack, “Do you want to buy one of my paintings?” This is
A. a valid offer.
B. not a valid offer because the terms are not definite.
C. not a valid offer because Marianne did not state an intent.
D. not a valid offer because Zack did not respond.
3. Nathan tells Mike, “I might sell the canoe that I bought last fall since I haven’t used it at all and it takes up too much room in my garage.” This is
A. an acceptance of an offer.
B. an invitation to accept an offer.
C. an offer.
D. a statement of future intent.
4. Lightening Electricians offers Sam a job as an electrician. The acceptance does not specify how long the offer will remain open. The offer will terminate
A. after a typical work week (five business days).
B. after a reasonable period of time.
C. after a month (thirty calendar days).
D. never.
5. Accounting Software Corporation makes business accounting software, which is packaged with a shrink-wrap agreement. Southern Distribution Company distributes the software to retailers, including an Cubicles R Us store, where Maggie buys it. The parties to the shrink-wrap agreement are
A. ASC and Southern Distribution only
B. ASC and Maggie only .
C. ASC, Southern Distribution, CRU, and Maggie
D. CRU and Maggie only