Question: 1 . Business Properties, Inc. ( BPI ) , offers to sell a warehouse to Corporate Investments. Corporate says that it will pay BPI $
Business Properties, Inc. BPI offers to sell a warehouse to Corporate Investments. Corporate says that it will pay BPI $ 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.
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 $ 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.
Retail Investment Company offers to sell a certain mall to Shopping Stores, Inc., if it accepts before am Monday. A contract is formed if Shopping Stores' acceptance is received
a any time on Monday.
b before Monday.
c before am Monday.
d within twentyfour hours of am Monday.
Shelby offers to make digital copies of Relay Company's business conference videotapes, CDs DVDs and other media for $ Under the mailbox rule and the Uniform Electronic Transactions Act UETA Relay's acceptance by email 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.
TripleD Cinemas promises to pay Shakir $ 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.
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 bargainedfor exchange.
d detrimental reliance.
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