SOLVED

51) Which of the following is true regarding acceptable means of acceptance if no means of communicating an acceptance is specified in an offer? A) If no means of communicating the acceptance is specified, any reasonable means is generally acceptable. B) If no means of communicating an acceptance is specified in an offer, acceptance must be done through the U.S. mail system. C) If no means of communicating an acceptance is specified in an offer, acceptance must be done either in person or through telephone communication. D) If no means of communicating an acceptance is specified in an offer, acceptance must be done either through U.S. mail or through e-mail. E) If no means of communicating an acceptance is specified in an offer, acceptance must be done either through the U.S. mail or through fax transmittal. 52) In which of the following ways may an offeree accept a unilateral contract? A) By either verbal acceptance or a signed writing. B) By signed writing only. C) By performance only. D) By performance, by a verbal acceptance, or by a signed writing. E) By making a counteroffer or by a signed writing. 53) Jasmine offers $100 to anyone who can return her lost dog, Champ. Kayla returns the dog and requests the money. Jasmine says that there is no binding contract. Which of the following is true regarding Jasmine’s statement? A) Jasmine is correct because there is no binding bilateral contract. B) Jasmine is correct because there is no binding unilateral contract. C) Jasmine is incorrect because there is a binding unilateral contract which Kayla accepted by performing. D) Jasmine is correct because Kayla acted incorrectly by her manner of attempted acceptance. E) Jasmine is incorrect because there is a binding bilateral contract. 54) When acceptance is examined under the common law, how do the basic requirements for a valid acceptance compare with those for a valid offer? A) The basic requirements for a valid acceptance are materially different from those for a valid offer. B) The basic requirements for a valid acceptance are different from those for a valid offer only because an offer must be revoked immediately but acceptance can be withheld for a reasonable period of time. C) The basic requirements for a valid acceptance are different from those for a valid offer only because an offer must be in writing. D) The basic requirements for a valid acceptance parallel those for a valid offer. E) The basic requirements for a valid acceptance are different from those for a valid offer only because an acceptance must be in writing. 55) Madison signs a contract with Rainbow Readers Book Club without reading it. The contract provides that new books will be sent to her eBook reader every month unless she sends notification rejecting the receipt of new books. Which of the following is true regarding whether the contract is binding? A) The contract is binding. B) The contract is not binding because it illegally attempts to enforce acceptance by silence. C) The contract is not binding unless Trudy pays for at least one month’s supply of books thereby indicating her intent to be bound. D) The contract is not binding because transmittal using electronics is involved. E) The contract is binding but only if the parties have extensive previous dealings whereby acceptance by silence became an accepted form of business. Â Â