John says to Kris, "I would like to sell you my sports memorabilia collection." This is not an offer because it
A. does not describe the subject matter specifically.
B. does not include a price term.
C. only expresses an opinion.
D. only invites Kris to negotiate.
Answer: D
You might also like to view...
What is the major advantage of the accounting rate of return relative to the other techniques that can be used to evaluate capital projects?
The Uniform Partnership Act (UPA) is a model act that codifies sole proprietorship law.
Answer the following statement true (T) or false (F)
The firm's initial net working capital is ________. (See Table 14.2)
A) $15,000 B) $13,000 C) $5,000 D) $10,000
A contract contains a provision that states it will be effective for a "year." The plaintiff in a lawsuit claims that a "year" is obviously 12 months. The defendant claims that the contract meant a 10-month school year. Parol evidence:
A) cannot be used to explain the term, because the plain meaning of a "year" is 12 months. B) cannot be used to explain the term, because it is an integrated document. C) can be used to clarify the parties' intent because in this contract the term "year" is ambiguous. D) cannot be used, because the contract contains an express term that could have been changed by the parties prior to the contract's execution.