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True/False Questions 1. In interpreting an agreement, courts generally apply a subjective standard. 2. If, after...

True/False Questions

1.

In interpreting an agreement, courts generally apply a subjective standard.

2.

If, after a reasonable time, an offeree does not fulfill the terms of an offer, then it may be revoked.

3.

According to the mirror image rule, a response to an offer can change its terms.

4.

The estate of a deceased person cannot be held liable on a contract made by the person before

death.

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Answer #1

Answer 1 : False

Explanation : While interpreting an agreement, courts generally apply a objective standard while judging the case.

Answer 2 : True

Explanation : The terms and conditions of the contract must be fuilfilled within the reasonable time if they are not fulfilled the offer gets revoked.

Answer 3 : False

Explanation : According to the mirror image rule, offer cannot be changed for modified while the counteroffer will revoke the original offer made.

Answer 4 : False

Explanation : The estate of a deceased person will be liable if it was help liable by the deceased person in the contract.

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