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Business Law 2700 Final Exam Study Guide Solutions
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Business Law 2700 Final Exam Study Guide Solutions An expression of opinion--"your customers will like this"--is an offer. - ANSWER- False An advertisement--"this property for sale"--is an offer. - ANSWER-False An acceptance subject to new conditions implicitly rejects the offer. - ANSWER-True...

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  • November 12, 2024
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  • 2024/2025
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Business Law 2700 Final Exam Study
Guide Solutions

An expression of opinion--"your customers will like this"--is an offer. - ANSWER✔✔-

False


An advertisement--"this property for sale"--is an offer. - ANSWER✔✔-False


An acceptance subject to new conditions implicitly rejects the offer. - ANSWER✔✔-True


Under federal law, an electronic signature can be as valid as a signature on paper. -

ANSWER✔✔-True


A forum-section clause indicates the place for the resolution of a dispute arising under a

contract. - ANSWER✔✔-True


Nate tells Opal, "I might sell the skis that I bought last fall since I haven't used them and

the skiing season is almost over." This is - ANSWER✔✔-A statement of future intent


Royal Properties, Inc., mails a flyer to hundreds of firms, advertising a building for sale.

Standard Manufacturing Company responds by saying, "We accept your offer."

Between Royal and Standard, there is - ANSWER✔✔-No contract




Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED
Page 1/12

, Interstate Coffee Brokers, Inc. (ICBI), offers to sell Java Roasters, Inc., fifty bags of coffee

beans. Java rejects the offer. The offer is - ANSWER✔✔-terminated


Deb buys a song through eSongs, and online music vendor. Before completing the

purchase and downloading the song, Deb must agree to a provision not to make and

sell copies of the song. This provision is - ANSWER✔✔-a click-on agreement


Flem, a user of GameCenter.com's Web site, can download gaming software for free if

he first clicks on "I accept" after viewing certain terms. This is - ANSWER✔✔-a contract

that includes the terms


In contrast law, "consideration" refers to the courtesy that one party shows another in

negotiating a deal. - ANSWER✔✔-False


For consideration to have "legally sufficient value," it must consist of goods or money. -

ANSWER✔✔-False


Courts typically consider the adequacy of consideration. - ANSWER✔✔-False


A contract that one party retains the exclusive right to cancel at any time is

unenforceable. - ANSWER✔✔-True


A covenant not to sue is against public policy. - ANSWER✔✔-False


Kelsey promises to pay Jon, her son, $15,000 if he obtains hes degree at Ivy University,

where he is currently in his second year. Jon graduates. Kelsey is - ANSWER✔✔-

required to pay, because Jon obtained a degree at Ivy
Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED
Page 2/12

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