Which of the Following Is False with Regard to Contract

question 156

Multiple Choice

Which of the following is False with regard to contract law?

• A) A counter-offer ends an offer.
• B) A newspaper notice offering to pay a reward for the return of lost kittens is an invitation to treat.
• C) An important criterion for determining the place of the contract is the place where the acceptance is effective.
• D) An option is a contract in which one person is buying a period of time within which he may accept the offer contained within the option.
• E) A revocation is effective only when received.

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Definitions:

Declaration of Independence

A historic document signed in 1776, announcing the thirteen American colonies' separation from British rule and establishing them as independent states.

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The process or achievement of fulfilling one’s own potential and ambitions, often associated with personal growth and satisfaction.

Elizabeth Cady Stanton

A prominent leader in the women's rights movement in the United States during the 19th century, known for her advocacy for women's suffrage and rights.