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Matching

Question 21

Matching

Matching:

Premises:
Withdrawal of an offer by the offeror.
A communication by the offeror to the offeree of an intent to be bound to a contract.
Response by the offeree to the offeror of an intent to be bound to a contract.
An invitation to negotiate.
An offer communicated in the mail to the offeree when the acceptance is effective upon receipt.
Consideration paid for an irrevocable offer.
Sets limitations on an acceptance.
An offer and acceptance must be exact.
A new offer.
Offeree's nonacceptance of an offer.
Responses:
offer
acceptance
mailbox rule
counteroffer
mirror image rule
stipulation
rejection
option contract
revocation
solicitation

Correct Answer:

Withdrawal of an offer by the offeror.
A communication by the offeror to the offeree of an intent to be bound to a contract.
Response by the offeree to the offeror of an intent to be bound to a contract.
An invitation to negotiate.
An offer communicated in the mail to the offeree when the acceptance is effective upon receipt.
Consideration paid for an irrevocable offer.
Sets limitations on an acceptance.
An offer and acceptance must be exact.
A new offer.
Offeree's nonacceptance of an offer.
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