Simple contracts: Can be implied from the conduct of the parties. Never need to be in writing. Must be in a particular form. Must be sued within one year if they are breached.

 1.    Question :    Simple contracts:

                Can be implied from the conduct of the parties.

               Never need to be in writing.

               Must be in a particular form.

               Must be sued within one year if they are breached.

     Points Received:    1 of 1

    

Question 2.        Only the promisor needs to supply consideration to have an enforceable contract.

               True

                False

                

     Points Received:    1 of 1

  

Question 3.        The promises or obligations of parties to a contract must be supported by consideration.

               True

               False

               

     Points Received:    1 of 1

    

Question 4.       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.

     Points Received:    1 of 1

  

Question 5.      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.

     Points Received:    1 of 1

    

Question 6.        A written offer can be accepted by the offeree:

               Any time after it is written.

               Any time the offeree receives it.

               When the offeror knows the offeree has received it.

                After the offeror has communicated it to the offeree.

                                        

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