Reber Hurriedly Signed a Form That He Assumed Was a Request

question 34

Multiple Choice

Reber hurriedly signed a form that he assumed was a request for a sample copy of a set of encyclopedias, valued at $57.50. Later, it developed that he had actually signed an order for the complete set, valued at $575. When the set was delivered, Reber refused to accept it and claimed he was not bound by the agreement because of the mistake. Was Reber legally bound by the agreement?

• A) Yes; any written offer and acceptance makes a binding contract.
• B) Yes; a mistake due to carelessness does not discharge the contract.
• C) No; a sale of goods for $500 or over is not valid when the sale was made as the result of a mutual mistake.
• D) No; misrepresentation by a salesperson will make a contract voidable.

---

Definitions:

Cultural Factors

Elements of culture that influence consumer behaviors and preferences, including language, beliefs, values, and norms.

Economic Conditions

A state of a region or country's economy, encompassing factors such as growth rates, unemployment, inflation, and consumer confidence.

Profitability Timeframe

The period in which a business or project is expected to transition from operating at a loss to generating profits.

Strategic Fit

The degree to which an organization's strategies align with its external environment and internal resources and capabilities.