* Question Completion Status QUESTION 2 An offeror has the power to revoke an option contract if the offeror decides that the consideration given is inadequate. True False QUESTION 3 It is not necessary for an offer to be communicated by the offeror to the offeree to be effective True False QUESTION 4 If an acceptance materially changes an offer, the acceptance may be held to implicitly reject the offer True False QUESTION 5 The death or incompetence of a party to a contract will always result in the automatic termination of that contract True False QUESTION 6 A price list is considered an offer True False