Which of the Following Is True with Regard to the Offer

question 98

Multiple Choice

Which of the following is true with regard to the offer and acceptance necessary to form a contract?

• A)An ad in the newspaper that reads "Best offer in town! A new 2012 Honda Civic for only $15 999!" is considered an offer.
• B)If a seller offers to sell for $100 and the buyer makes a counter-offer of $90 that is rejected by the seller,the buyer can accept the original offer of $100 and bind the seller in contract.
• C)A purchased option that states "This offer to be open until noon tomorrow" prohibits the offeror from revoking the offer before that time.
• D)A person can accept an offer after it has lapsed.
• E)Where the acceptance is effective is not an important factor in determining the place of contract.

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Definitions:

Individualism

A cultural or philosophical outlook that emphasizes the moral worth of the individual and the importance of independence and self-reliance.

Collectivism

A cultural value that emphasizes the importance of groups and collective action over individual achievement or identity.

Actor-Observer Effect

A social psychology phenomenon where people tend to attribute their own actions to situational factors, but others' actions to their personality or character.

Interpersonal Conflicts

Disagreements or disputes arising between individuals when their ideas, needs, goals, or values clash.