Name:
Chapter 6 Exam
Offer and
Acceptance
Section 1: Vocabulary Matching
1. __________ Agreement between two parties
that creates an obligation
A. Acceptance
2. __________ Offeree can accept offer by
giving a promise to the offeror instead of
performing the contracted for act
B. Bilateral contract
3. __________ Party who makes an offer to
form a contract
D. Counteroffer
4. __________ Offeror promises something in
return for the offeree’s performance and
indicated that this performance is the way the
acceptance must be made
C. Contract
E. Revocation
F. Mirror image rule
G. Offer
5. __________ Withdrawing an offer before it is
accepted
6. __________ Separate contact arising when
the offeree gives the offeror something of
value in return for a promise to leave an offer
open
7. __________ Proposal by an offeror to do
something, provided the offeree does
something in return
H. Offeree
I. Offeror
J. Option
K. Unilateral contract
8. __________ Requires that the terms in the
acceptance must exactly match the terms
contained in the offer
9. __________ Party to whom an offer is made
10. __________ Offeree’s response to an offer
that changes and terminates the original offer
11. __________ Occurs when a party to whom an
offer has been made agrees to the proposal
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Chapter 6 Exam
Offer and
Acceptance
Section 2: True/False
1. ________ The terms of a contract must be accepted by the party to whom it was communicated.
2. ________ An agreement to commit a crime can be considered a contract.
3. ________ An arrangement between two friends to attend a concert is not considered a contract.
4. ________ An offeror must appear serious when making an offer.
5. ________ Words spoken in anger are not considered an offer.
6. ________ An offer that lacks essential information is legally ineffective.
7. ________ Advertisements are usually considered legal offers.
8. ________ A person who is not the intended offeree can accept the offer.
9. ________ Advertisements that ask the offeree to perform an act as a way of accepting cannot be
considered offers.
10. ________ The right of revocation allows an offeror to withdraw an offer before it is accepted.
11. ________ An acceptance to an offer must does not have to be received within the time stated in
the offer, as long as it is received in a reasonable length of time.
12. ________ Death or insanity of the offeror makes does not terminate the offer.
13. ________ An offer made to one person can be accepted by another.
14. ________ The mirror image rule requires that the terms in the acceptance must be close to the
terms contained in the offer.
15. ________ A mental decision to accept the offer is not an acceptance.
16. ________ Contractual communications such as offers and counteroffers can only be
communicated in writing.
17. ________ All serious agreements are contracts.
18. ________ If you make an offer in jest (jokingly), but a reasonable person would interpret your
conduct otherwise, you have made an offer.
19. ________ When the offeror communicated an offer to contract, the offeree is not required to
accept it, but he or she may choose to do so.
20. ________ Advertisements are considered invitations rather than offers.
21. ________ Every offer, when properly made, is always ended by either acceptance or rejection by
the offeree.
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Chapter 6 Exam
Offer and
Acceptance
Part 3: Multiple Choice
1. Which of the following is not one of the major requirements for a contract?
a. Time
b. Genuine assent
c. Capacity
d. Consideration
2. A valid offer must be communicated to the offeree and
a. The offeror must intend to create a legal obligation
b. The terms must be definite and complete
c. Both a and b
d. None of these
3. An unaccepted offer may be terminated by
a. A counteroffer
b. A reasonable length of time
c. The rejection of the offeree
d. All of these
4. There is no contract
a. Without the exchange of money
b. Without both offer and acceptance on mutually agreed terms
c. Both a and b
d. None of these
5. Social arrangements
a. Are not legal obligations
b. Are legal contracts
c. Are subject to breach of contract
d. None of these
6. Capacity to contract means that the person
a. Has a genuine need for the goods or services purchased
b. Has room to store goods that are purchased
c. Has the ability, according to law, to understand his or her actions and the effect of those
actions
d. All of these
7. You can require the offeree to accept your offer by
a. Making them call you with the answer
b. Making them text message the answer to you
c. Telling them to say nothing and you will assume they accepted the contract
d. Both a and c
e. Both a and b
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Chapter 6 Exam
Offer and
Acceptance
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