1 A) an acceptance which has not changed the terms of the original offer in any way. B) limited acceptance to the terms in an original offer. C) the ability to add new terms to a contract without an attorney present. D) a counteroffer made to the original offeror. 2 A) void. B) unilateral. C) limited. D) unenforceable. 3 A) voidable contract. B) unenforceable contract. C) bilateral contract. D) unilateral contract. 4 A) mutual exchange or consideration of the agreement. B) genuineness of an agreement. C) acceptance of the agreement. D) capacity for the agreement. 5 A) always a unilateral contract. B) a contract between two minors. C) often created without exchanging a single word. D) one the court will not uphold. 6 A) it must be revocable, it must be definite, and it must be made in person. B) it must be made seriously, it must be definite, and it must be communicated to the offeree. C) it must be include an invitation to negotiate, it must be unconditional, and it must be made in person. D) it must be legally binding, it must have a time limit, and it must be revocable. 7 A) the original terms of the offer are changed. B) the original offeror is obligated to accept. C) revocation is required. D) the offeree must accept within 24 hours. 8 A) when it is received. B) 24 hours after it is sent. C) 48 hours after it is sent. D) when it is sent. 9 A) implied contracts. B) bilateral contracts. C) unilateral contracts. D) express contracts. 10 A) offers. B) invitations to negotiate. C) genuine agreements. D) implied contracts.
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