Question

6) Firm offers can be revoked at any time.

True

False

7)The mirror image rule requires that the acceptance exactly match the offer.

True

False

8) Acceptance is valid only upon receipt by the offeror.

True

False

9) Consideration can be anything that someone might want to bargain for which is a benefit to the promisor or a detriment to the promisee.

True

False

10) Contracts in which one party agrees to buy all his requirements from the other party are generally unenforceable because there is no definite amount.

True

False

Answer 1

6) False, as firm offers can be revoked at any time prior to the acceptance of that offer.

7) True that the mirror image rule requires that the acceptance exactly match the offer.

8) False, as per the mailbox rule, acceptance is valid when it is mailed by the offered, and revocation is only effective when received.

9) True that consideration can be anything that someone might want to bargain for which is a benefit to the promisor or a detriment to the promisee.

10) False, as contracts in which one party agrees to buy all his requirements from the other party are generally enforceable.