Practice Quiz

Paralegal Exam Prep - Question List

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101. Is an advertisement an offer?
  1. Maybe. It depends upon whether a person seeing the advertisement wants to enter into a contract with the advertiser.
  2. Yes. An advertisement is an offer.
  3. Maybe. If an advertisement has the components of a clear and definite offer, it is an offer. Otherwise it is an invitation to deal.
  4. No. An advertisement is never an offer, but an invitation to deal.
  5. No. An advertisement is an invitation to deal, unless it includes a coupon.
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102. Will a court enforce a contract that was based on the acceptance of an offer known to have been made as a result of a mistake?
  1. Yes, otherwise anyone who wants to be excused from a contract will claim that they entered into it as a result of a mistake.
  2. No. A court will not enforce a contract that was based on the acceptance of an offer known to have been made as a result of a mistake because in the long run the mistaken party will sue to be excused from performance.
  3. Yes. There is no requirement that the formation of a contract be free of mistakes.
  4. Yes. It is the burden of the parties to a contract to fully understand the circumstances surrounding the contract into which they are entering.
  5. No. A court will not enforce a contract that was based on the acceptance of an offer known to have been made as a result of a mistake.
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103. "If you do not lose 10 pounds after using the new, revolutionary weight loss program, NuDietRite, we will pay you $50!" This statement is:
  1. A challenge.
  2. An invitation to deal.
  3. An offer.
  4. An advertisement.
  5. A, C, and D.
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104. Which of the following offers, upon acceptance, gives rise to a binding, nonvoidable agreement?
  1. An offer made in jest
  2. An advertisement
  3. An offer made as a mistake
  4. An offer made by a minor
  5. None of the above.
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105. When can a party who makes an offer revoke it?
  1. At any time prior to acceptance.
  2. At any time prior to communicating the offer to the offeree.
  3. Once an offer is made it cannot be revoked.
  4. At any time before it is put in writing.
  5. At any time before it is mailed to the offeree.
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