Question 21

An acceptance that contains terms different from or additional to those in the offer receives the same treatment under the common law and under the UCC.

Group of answer choices

True

False

Question 22

Ricardo posts a sign in the neighborhood offering $50 for the return of his Saint Bernard. Alicia, who knows nothing of the reward, finds the dog and returns it to Ricardo. Alicia is entitled to the reward.

Group of answer choices

True

False

Question 23

Death or insanity of either the offeror or the offeree ordinarily terminates the offer.

Group of answer choices

True

False

Question 24

An ad in a newspaper or a circular describing goods and stating prices would generally be considered:

Group of answer choices

a firm offer if made by a merchant.

an offer if made by a merchant, but not a firm offer.

an offer irrespective of who made the offer.

an invitation to buyers to make an offer to buy goods.

Question 25

For an offer to be valid:

Group of answer choices

the offeree must have knowledge of the offer.

the offeree must have first-hand knowledge of the offer.

the offer must be stated or communicated by words.

the offer must be made by the offeror.