2016 rsccdinstructurecom False D Question 3 5 pts We are wor

20:16 rsccd.instructure.com False D Question 3 5 pts We are working on my rare 1955 Chevy BelAir (worth around $45,000. US) rm having a difficult time adjusting the timing when the timing belt breaks. In anger I state anyone who will tow this piece of junk away can have it. You run and get your tow truck and state: 1accept Im here to take the car. We have a valid contract. True OFalse D Question 4 5 pts The terms (Expressed or Implied) of a contract are: Identification of the parties Object or subject matter of the contract Consideration to be paid . Time of payment, Delivery, or Performance O True False D Question 5 5 pts An offer may be revoked by the offeror at anytime True False

Solution

Question 3:

It is said that the statement is blurted out in ‘anger’ which clearly means that the person owing the car did not have any serious intention to give the car for free. Offers made in anger or excitement are not valid contracts.

Therefore the correct option is: false

Question 4:

The terms ‘expressed or implied’ in a contract adhere to all the above four key points wherein are:

Therefore the correct option is: true

Question 5:

A revocation of the offer by the offeror can be done only before the offeree accepts the offer. This means that the offeror cannot revoke an offer at anytime.

Therefore the correct option is: false