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1. If an acceptance to a verbal contract offer is ambiguous, when can it create an enforceable contract? (assume there is sufficient consideration and it is a contract under the common law)

A. When the offeror acts like a contract was created and does so reasonably.

B. When the offeree intended to accept the offer.

C. When the ambiguous acceptance is in writing.

D. Never -- an ambiguous acceptance cannot create a contract.

2. In a contract for the sale of real estate, would it be easier for the buyer or seller to get specific performance?

A. The buyer

B. The seller

C. Neither -- either party is equally able to get specific performance.

D. Neither -- neither party is likely to get specific performance.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92841414

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