Question: TRUE / FALSE 1 . A firm offer cannot be revoked if it is in writing 2 . Advertisements generally are classified as offers 3

TRUE/FALSE
1. A firm offer cannot be revoked if it is in writing
2. Advertisements generally are classified as offers
3. Conduct is allowed as a method of acceptance
4. Revocation of an offer must always be communicated
5. The use of a condition subsequent is an effective way of terminating a contract
6. Option agreements are enforceable without consideration
7. When two businesses make a contract, the law presumes they intended the agreement to be legally binding unless one of them proves otherwise
8. Courts will not imply a duty to act in good faith in commercial contracts

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Q:

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Q:

Help Please!!!! 1. A sales contract must be evidenced by a writing if the sales price of goods is equal to or more than (Points : 2) $100. $300. $500. $1,000. Question 2. 2. A minor's right to...

Q:

Help Please!!!! 1. A sales contract must be evidenced by a writing if the sales price of goods is equal to or more than (Points : 2) $100. $300. $500. $1,000. Question 2. 2. A minor's right to...

Q:

1. Military strategy is based on an assumption of whereas business strategy is based on an assumption of A.conflict; cooperation B.cooperation; conflict C.cooperation; competition D.conflict;...

Q:

QUESTION 1 Revocation is the withdrawal of an offer by the offeror. True False 2 points QUESTION 2 An express contract: a. must be in writing b. may be inferred by the conduct of the parties involved...

Q:

Give the correct answer and provide detailed explanation?? Don't copy from internet. QUESTION 29 Looking to buy a new car, Eddie applies for a loan at a credit union since he's a member, but the loan...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Read the article, "John D.R. Leonard, Plaintiff, -against- PepsiCo, Inc., Defendant," found on the website provided in the Reading & Study folder. Watch the presentations (also found in the Reading &...

Q:

Pick a case and become familiar with the case requirements. Use what you learned on chapter 19. For formatting, use times new roman 12 pt font and double space your answers. You must include...

Q:

Distinguish between AM and FM receiver and explain the function of limiter and discriminator in FM receiver.?

Q:

A tailor estimates that over the next year 60,000 special zippers will be used in the manufacture of men's jackets. A supplier of closures has quoted a price of $0.60 per closure. The tailor would...

Q:

2 7 Multiple Choice 3 . 7 5 points An auditor is asked to testify in court about a client's confidential information. What is the appropriate action? Share the information without informing the...

Q:

Does workers compensation go on a tax return