31 Dec It may be revoked only

1. Question :

A voidable contract:

Must be in writing.

May be rejected by both parties.

Gives one party the choice to abide by it or reject it.

Is never effective.

Question 2. Question :

Only the promisor needs to supply consideration to have an enforceable contract.

True False

Question 3. Question :

When a contract is required to be sealed, no substitute for an actual seal may be used.

True False

Question 4. Question :

An offer can be accepted:

In any manner the person receiving it chooses to accept it.

By putting a properly mailed acceptance in a mailbox.

Only by the same means by which the offer was communicated.

By fax only if it is received by fax.

Question 5. Question :

When an offer is made:

It can be accepted within ten days.

In no state can it be revoked when it is contained in a sealed writing.

It can be revoked even if the offeror has promised to keep it open.

It may be revoked only at the end of three months.

Question 6. Question :

A sales letter is an offer if:

The wording is such as to indicate that the writer is merely trying to evoke an offer on certain terms.

It is a circular sales letter.

It is an advertisement.

It is a personal sales letter containing an offer.