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1. Which of the following choices states all of the requirements of a firm offer?

The offer is contained within a signed writing.

The offer is exchanged with another merchant. The offer must be accepted within 30 days.

The offer is contained within a signed writing made by a merchant and the offeror gives reasonable assurances that the offer will remain open.

The offer is stated by a merchant and is approved by the court.

2. Which of the following is another term for undue influence?

Duress

Innocent misrepresentation.

Unfair persuasion

Promissory Estoppel

Operation Management, Management Studies

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