Which of the Following Is False with Regard to Contract

question 118

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:

Cloth

A flexible material made by weaving, knitting, crocheting, or bonding fibers together, used for making garments, furnishings, or other products.

Cotton

A natural fiber and cash crop that is used to produce textiles, clothing, and other products.

Relevant Geographic Market

The area in which a company operates and competes for customers, defined by where its customers are located and where it faces competitive pressures.

Anticompetitive

Actions or practices that unfairly limit competition in a market, often regulated by antitrust laws.