True/False
Indicate whether the
statement is true or false.
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1.
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A contract
will be enforced even though one party has a unilateral right to decide the nature of the contractual
performance.
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2.
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A unilateral contract can never be accepted by
words.
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3.
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Anyone who
knows of an offer may accept it.
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4.
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The Mailbox Rule determines the timing of the
acceptance of a bilateral contract.
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5.
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An offeree of a unilateral contract never has to
notify the offeror of his or her acceptance.
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Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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6.
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The person who can accept an offer is known
as
a. | The acceptor | c. | The
assignee | b. | The offeror | d. | The
offeree |
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