Question: 1 . Business Properties, Inc. ( BPI ) , offers to sell a warehouse to Corporate Investments. Corporate says that it will pay BPI $

1. Business Properties, Inc. (BPI), offers to sell a warehouse to Corporate Investments. Corporate says that it will pay BPI $100 to hold the offer open for three business days. This
a. creates an illegal contract by adding a clause to BPI's offer.
b. makes the offer irrevocable for three days if BPI accepts.
c. negates BPI's offer by changing the price term.
d. voids BPI's offer by extending the time term.
2. Sunshine Cell Phone Company offers to buy a laser printer, with a case of paper and an extra cartridge, from Office Products, Inc. (OPI), for $200. Paul, OPI's representative, says, "Okay, but no paper and no extra cartridge." Paul has
a. accepted the offer.
b. made a counteroffer without rejecting the offer.
c. rejected the offer and made a counteroffer.
d. rejected the offer without making a counteroffer.
3. Retail Investment Company offers to sell a certain mall to Shopping Stores, Inc., if it accepts before 10 a.m. Monday. A contract is formed if Shopping Stores' acceptance is received
a. any time on Monday.
b. before 10a.m. Monday.
c. before 11 a.m. Monday.
d. within twenty-four hours of 10 a.m. Monday.
4. Shelby offers to make digital copies of Relay Company's business conference videotapes, CDs, DVDs, and other media for $500. Under the mailbox rule and the Uniform Electronic Transactions Act (UETA), Relay's acceptance by e-mail will be considered effective when
a. received.
b. sent.
c. followed up by a confirmation letter sent by regular mail.
d. composed on a Relay computer.
5. Triple-D Cinemas promises to pay Shakir $1,000 to repair and clean its marquee. The act of doing this work is
a. not consideration because its performance is a preexisting duty.
b. not consideration because its exchange is not a bargain.
c. consideration.
d. not consideration because its value is legally insufficient.
6. Braxton questions whether there is consideration for his contract with Tawny to exchange his accounting services for her payment of a certain amount. To constitute consideration, there must be
a. a payment of money.
b. a performance of services.
c. a bargained-for exchange.
d. detrimental reliance.
 1. Business Properties, Inc. (BPI), offers to sell a warehouse to

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