Please answer all questions. TRUE/FALSE

Thank you!

Write T for True, F for False 1. On Wednesday Bob says to Patsy, "I offer to sell you my car for $400." Patsy responds, "That's a great deal, I'll take it. I'll pick it up on Friday and pay you then, ok?" Bob says, "Sure." Thursday morning Bob dies. Under these circumstances Patsy has the legal right to buy the car. 2. An offer will be automatically revoked if the subject matter of the contract is destroyed before acceptance. 3. A statement made in anger which a reasonable person would not consider serious is interpreted to be an offer. 4. On Monday morning Mary calls Joe and makes him an offer to sell him her car for $400. Joe tells Mary he'll think about it. Later that day, Joe decides he wants to buy the car, and he puts a letter of acceptance in the mail at 5pm Monday. A contract has been formed at 5pm on Monday. 5. An offer must be definite and must be made under circumstances that the person receiving it has reason to believe that the offeror is willing to be bound to the terms stated. 6. Although an offer usually is communicated to the offeree by the offeror or a duly authorized agent, usually an offer is effectively communicated if the offeree actually learns of the offer from some other outside source. 7. Jim advertises a $500 reward to anyone providing information leading to the arrest of the person who stole his iPhone. His offered is published in the local newspaper. Two days later Jim gets an expectedly high electric bill, and decides he's unable to pay that reward money, so he publishes a revocation of his offer in the same paper. Theresa sees the offer for the reward, but not the revocation. Theresa then discovers who stole the iPhone, and gives that information to the police (who arrest the thief). Under these circumstances Theresa is not entitled to the reward money. 8. If no time period is stated in an offer, then the offer terminates in 30 days. 9. Ed has lost his dog, and posts a sign: "\$100 reward for the return of my lost dog, Fido." Betty sees the sign, starts looking for the dog, finds him, and returns the dog to Ed. Because Betty has completed the requested act, we now have a unilateral contract and Ed owes her $100. 10. An authorized means of communicating an acceptance is the method stated by the offeror in the offer or, if none is stated, it is the method used by the offeror (or one that is faster)