16. A voidable contract a. is a contract that one party has the option of avoidi
ID: 2537649 • Letter: 1
Question
16. A voidable contract
a. is a contract that one party has the option of avoiding or enforcing.
b. is not actually a contract.
c. cannot be enforced.
d. is considered contrary to public policy.
17. ”I am of a mind to offer my stamp collection to Bob for sale.”
a. Is an offer under the rules of the UCC.
b. Is an example of an option.
c. Is an example of preliminary negotiations.
d. Is an expression of opinion.
18. In general, advertisements, catalogues and price lists are treated as
a. offers.
b. preliminary negotiations.
c. invitations to negotiate.
d. counteroffers
19. In an auction
a. the bidder is the offeree.
b. the bidder is the offerer.
c. the auctioneer is the offerer.
d. the auctioneer must accept the highest bid.
20. A shrink wrap agreement
a. is an agreement whose terms are expressed inside a box in which computer hardware or software is packaged.
b. is an agreement that generally comes separately from the box in which computer hardware or software is packaged.
c. is a term whose meaning varies with the type of product sold.
d. cannot be challenged once the sale of the related computer software or hardware is final.
Explanation / Answer
16a is a contract that one party has the option of avoiding or enforcing. In a voidable contract one or more party has the option to not acept the agreement and other party has bounding obligation. 17d Is an expression of opinion. telling someone your views is expression of opinion 18c invitations to negotiate. advertisements and catalogues generally not an offer but they are only invitation to negotiate in contract 19d the auctioneer must accept the highest bid. In a reserve auction and unreserved auction offerree can be either bidder or auctioneer, but always highest bid is accepted in general terms. 20a is an agreement whose terms are expressed inside a box in which computer hardware or software is packaged. shrink wrap agreement is an EULA which generally comes inside the box
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