Essentials of business law and the legal environment 12th edition mann test bank 1

Page 1

Essentials of Business Law and the Legal Environment 12th Edition Mann Solutions Manual Full download link at: Test bank: https://testbankpack.com/p/test-bank-for-essentials-ofbusiness-law-and-the-legal-environment-12th-edition-by-mannroberts-isbn-1305075439-9781305075436/ Solution Manual: https://testbankpack.com/p/solution-manual-foressentials-of-business-law-and-the-legal-environment-12th-edition-bymann-roberts-isbn-1305075439-9781305075436/ 1. On Tuesday morning John sends a letter to Arlene rejecting her offer, but later the same day John changes his mind and sends a letter of acceptance to Arlene. The letter of acceptance will be effective only if it is received by Arlene before she receives the rejection. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: EBLE.MANN.16.10.02 - 10.02 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - OH - AICPA: BB-Legal TOPICS: A-Head: Offer KEYWORDS: Bloom’s: Application OTHER: AACSB Reflective Thinking 2. If Megan intends to offer and believes she is offering for sale to Alexis her RL1500 space heater and Alexis reasonably believes Megan is offering her RL1900 heater and accepts on that belief, a contract has not been formed because there was no agreement as to the subject matter. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: EBLE.MANN.16.10.01 - 10.01 NATIONAL STANDARDS: United States - BUSPROG: Analytic STATE STANDARDS: United States - OH - AICPA: BB-Legal TOPICS: A-Head: Offer


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