Question: Section III. MULTIPLE CHOICE. (Max. 30 Points) Multiple choice questions. Choose the response for each question that is most accurate and write its corresponding letter

Section III. MULTIPLE CHOICE. (Max. 30 Points)

Multiple choice questions. Choose the response for each question that is most accurate and write its corresponding letter in the space provided.

A. ________. Which of the following constitutes a valid, legally binding offer?

  1. Bill tells his adult softball team that he will pay $50 to the first player to show up at his house on Saturday morning and cut his lawn.

  2. A store mails its customers a circular that advises of this weeks sale items.

  3. Walmart advertises that the first 50 customers to arrive at its new store for its Grand Opening will be entitled to purchase one of only fifty 50 big screen TVs for $50.

  4. All of the above are considered to be valid, legally binding offers.

  5. A and C are valid, legally binding offers.

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