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Under a voidable contract, avoiding legal obligations is an option of 8. A. Neit

ID: 412966 • Letter: U

Question

Under a voidable contract, avoiding legal obligations is an option of 8. A. Neither party B. Both parties C. One of the parties D. Both A and C Under the common law, which of the following elements is not required for an offer to be effective? 9. A. The offeror intends to be bound by the offer. B. The offeree is capable of accepting the offer. C. The terms of the offer are reasonably certain or definite. D. The offer is communicated by the offeror to the offeree. 10. The intent of the offeror to extend a serious offer to the offeree is typically determined by reference to A. The beliefs of the offeror. B. The intentions of the offeror. C. The assumptions of the offeror. D. The words and conduct of the offeror. 11. Janet attempts to start her car with no success. She yells in desperation that she would sell the car to anyone for $100. Bill, a passerby, hands Janet $100. Bill's act A. Constitutes a valid acceptance. B. Constitutes a valid acceptance only if Janet and Bill already know each other. C. Does not constitute a valid acceptance, because $100 is not be a fair price for the car. D. Does not constitute a valid acceptance, because Janet does not seriously intend to sell the car.

Explanation / Answer

Que 8

Answer should be

C. one of the parties

Because the law cannot enforce any legal obligation to either party especially the disappointed party because they are not entitled to any protective laws as far as contracts are concerned.

Que 9

Answer should be

A. The offer or intends to be bound by the offer

Que 10

Answer should be

A. The Beliefs of the offeror

Que 11

Answer should be

C. Does not constitute a valid acceptance, because $100 is not a be a fair price for the car.