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Author Question: If an offer requires that acceptance be communicated by a specific date and the acceptance is ... (Read 128 times)

audie

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  • Posts: 532
on: Jun 24, 2018
If an offer requires that acceptance be communicated by a specific date and the acceptance is properly dispatched by the offeree on the final date,
 A) no contract is formed, since the offeror will undoubtedly receive the dispatched acceptance after the deadline for acceptance.
 B) a contract is formed, but the contract is voidable at the election of the offeror.
 C) the acceptance is timely and a contract is formed, even though the offeror actually receives the acceptance well after the specified date has passed.
 D) the acceptance is timely and a contract is formed, but only if the offeror actually receives the acceptance by the deadline specified for acceptance.

Question 2

When an offer has been accepted:
 A) a subsequent revocation of the offer may serve to nullify the resulting contract.
 B) a contract is formed, assuming that all of the other elements of a contract are present.
 C) either party may withdraw from the resulting contract without consent.
 D) the acceptance is executory.


gstein359

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  • Posts: 293
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

B


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