1. (Please Note: There may be more than one answer) Which of the following autom
ID: 443091 • Letter: 1
Question
1. (Please Note: There may be more than one answer)
Which of the following automatically terminates an offer?
The unexpected physical disability of one of the parties.
The performance of the contract becomes illegal after the contract was formed but remains executory.
Insanity of the offeror
Death of the offeree
2.(Please Note: There may be more than one correct answer)
Dan and Dave enter into a contract for the sale of goods. They fail to agree on some of the terms. Which of the following statements is NOT true?
The contract cannot be enforced under the UCC.
The UCC will allow the court to fill in the gaps if they concern price and time of performance.
The contract is automatically void.
The contract will not fail if the court finds the parties intended to make a contract and the contract is complete enough to allow the court to reach a fair settlement of the dispute.
3.
3. John offered to sell his beach house to Jess for $100,000. Before Jess could accept the offer, the beach house caught fire and was destroyed. Jess still wants to accept the offer because the land is worth more than $100,000. John's offer is still value and Jess's acceptance creates an enforceable contract.
True
False
4. Which of the following is NOT required for an offer?
definiteness
intent
communication
a written proposal
a.The unexpected physical disability of one of the parties.
b.The performance of the contract becomes illegal after the contract was formed but remains executory.
c.Insanity of the offeror
d.Death of the offeree
Explanation / Answer
1.
c. Insanity of the offeror. The offer of a contract expires automatically dut to insanity of either party, before an acceptance is communicated.
2.
d. The contract will not fail if the court finds the parties intended to make a contract and the contract is complete enough to allow the court to reach a fair settlement of the dispute.
3.
True
4.
d. a written proposal
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