QUESTION 27

1. Typically, contracting parties reach mutual assent using a combination of __________.
2. A.an offer and an acceptance
3. B.an invitation to negotiate and an offer
4. C.an invitation to negotiate and an acceptance
5. D.an offer and promissory estoppel

QUESTION 28

1. Which of the following provides that the acceptance of an offer is generally effective upon dispatch of the acceptance when sent in a commercially reasonable manner, and not when the acceptance is received by the offeror?
2. A.The promissory estoppel doctrine
3. B.The mirror image rule
4. C.The commercial dispatch rule
5. D.The mailbox rule

QUESTION 29

1. Which of the following is the legal rule used by courts to protect parties who may lack the ability to understand the terms of an agreement?
2. A.Unilateral mistake
3. B.Consideration
4. C.Promissory estoppel
5. D.Capacity

QUESTION 30

1. The defense of __________ gives legal relief to a party who has been persuaded to enter into a contract through the improper pressure of a trusted relationship.
2. A.undue influence
3. B.duress
4. C.fraudulent misrepresentation
5. D.promissory estoppel