Question details

10 question busn 420
$ 30.00

(TCO 4) Elmore offers to sell a Ford F-150 for $7,500 to Grace. Before Grace can respond, Elmore refers to the prices for similar Fords and says, "Forget it. I changed my mind." Elmore's offer was terminated by _____ (Points : 2)       
      
      
      

Question 2. (TCO 4) Wanda tells Vito that she would like to buy his Chocolate Goodies store. Vito declines, but later decides to sell and sends to Wanda, and others, a flyer describing the details. Wanda responds with a letter of acceptance. Wanda and Vito have _____ (Points : 2)
      
      
      
      

Question 3. (TCO 4) Flo tells Gregor that she will buy his textbook from last semester for $65. Gregor agrees. Flo and Gregor have _____ (Points : 2)
      
      
      
      

Question 4. (TCO 4) Opie offers to sell his guitar to Pinky for $100. Pinky agrees. They complete and sign a printed form that includes, near the blanks for their signatures, the word "seal." This is _____ (Points : 2)
      
      
      
      

Question 5. (TCO 4) Corner Convenience Store (CCS) takes out a full-page ad in a local newspaper and runs a 30-second commercial on a local television station, offering a reward for information leading to the apprehension of a certain criminal. CCS could normally terminate the offer by placing _____ (Points : 2)
      
      
      
      

Question 6. (TCO 4) Superior-Plus Properties, Inc., and Topps Construction Company sign a contract that specifies the amounts to be paid for a building project at various stages and on its completion. Additional compensation may be justified by _____ (Points : 2)
      
      
      
      

Question 7. (TCO 4) Which of the following is true of a minor’s duty towards a contract for necessaries of life? (Points : 2)
      
      
      
      

Question 8. (TCO 4) Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mary is away. Sharon agrees to do so, provided she has the time for it. If Sharon fails to check the results and Mary wins the lottery, which of the following would be true for the contract between Mary and Sharon? (Points : 2)
      
      
      
      

Question 9. (TCO 4) Joel contracts to hire Huong for one year to tend the orchids in his commercial greenhouse but reserves the right to cancel the employment on one month's notice at any time after Huong begins work. This promise is _____ (Points : 2)
      
      
      
      

Question 10. (TCO 4) Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mary is away. Sharon agrees to do so, provided she has the time for it. What kind of contract do Mary and Sharon have? (Points : 2)
      
      
      
      
From Business, General Business Due on: 21 Jul, 2016 10:20:32 Asked on: 21 Jul, 2016 09:34:06
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