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GPCU 530 EXAM NEWEST 2025 ACTUAL EXAM
COMPLETE 400 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Which one of the following contract types requires each party to
perform?
Select one:
A. Unilateral
B. Mutual
C. Implied
D. Bilateral - ANSWER-D. Bilateral
The type of contract that is an obligation imposed by law
because of the parties' conduct or some special relationship
between them or because one of them would otherwise be
unjustly enriched is a quasi-contract also known as
Select one:
A. An implied-in-fact contract.
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B. An implied-in-law contract.
C. A voidable contract.
D. An executory contract. - ANSWER-B. An implied-in-law
contract.
The type of contract that has not been completely performed by
one or both of the parties is
Select one:
A. An implied-in-fact contract.
B. A voidable contract.
C. An implied-in-law contract.
D. An executory contract. - ANSWER-D. An executory contract.
Is there any way that an offeree can accept a rejected offer to
contract?
Select one:
A. No, the offeree can only invite the offeror to make the
original offer again, at which point the offeree can once again
either accept or reject the offer.
B. Yes, provided that the original offer has not yet lapsed.
C. No, a rejected offer is terminated and any attempt to accept
the rejected offer is considered a new offer.
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D. Yes, provided that the offeror did not rely on the offeree's
rejection. - ANSWER-C. No, a rejected offer is terminated and
any attempt to accept the rejected offer is considered a new
offer.
Which one of the following is the most important factor
indicating whether a communication is an offer?
Select one:
A. The offeror's subjective intent
B. The offeree's objective reaction to the offer
C. The offeree's subjective intent
D. The language that the offeror uses in the offer - ANSWER-D.
The language that the offeror uses in the offer
If the subject matter of an offer is destroyed before acceptance,
then the offer terminates
Select one:
A. Due to a lapse of time, at the moment of destruction.
B. Due to a lack of intent to contract, at the moment the offeror
learns of the destruction.
C. Due to the operation of law, at the moment of destruction.
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D. Due to indefinite terms, at the moment the offeree learns of
the destruction. - ANSWER-C. Due to the operation of law, at
the moment of destruction.
Absent a specific expiration time, which one of the following
represents when an offer ceases to be binding?
Select one:
A. When one year has elapsed after the original offer
B. When a reasonable amount of time passes, based on
considerations such as the contract's subject matter and the
general commercial setting
C. When a reasonable amount of time passes, based on how long
it would take an average offeree to accept or reject the offer
D. When the value of the offer's subject matter changes
significantly - ANSWER-B. When a reasonable amount of time
passes, based on considerations such as the contract's subject
matter and the general commercial setting
Hanna wrote a letter to Lucy offering to sell her computer to
Lucy. Hanna ended her letter with, "If I do not hear from you by
May 1, I will assume that you have accepted my offer." May 1
has passed. Lucy has not responded to Hanna. Which one of the
following statements is correct regarding whether a legally
enforceable agreement has been created?
GPCU 530 EXAM NEWEST 2025 ACTUAL EXAM
COMPLETE 400 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Which one of the following contract types requires each party to
perform?
Select one:
A. Unilateral
B. Mutual
C. Implied
D. Bilateral - ANSWER-D. Bilateral
The type of contract that is an obligation imposed by law
because of the parties' conduct or some special relationship
between them or because one of them would otherwise be
unjustly enriched is a quasi-contract also known as
Select one:
A. An implied-in-fact contract.
,2|Page
B. An implied-in-law contract.
C. A voidable contract.
D. An executory contract. - ANSWER-B. An implied-in-law
contract.
The type of contract that has not been completely performed by
one or both of the parties is
Select one:
A. An implied-in-fact contract.
B. A voidable contract.
C. An implied-in-law contract.
D. An executory contract. - ANSWER-D. An executory contract.
Is there any way that an offeree can accept a rejected offer to
contract?
Select one:
A. No, the offeree can only invite the offeror to make the
original offer again, at which point the offeree can once again
either accept or reject the offer.
B. Yes, provided that the original offer has not yet lapsed.
C. No, a rejected offer is terminated and any attempt to accept
the rejected offer is considered a new offer.
,3|Page
D. Yes, provided that the offeror did not rely on the offeree's
rejection. - ANSWER-C. No, a rejected offer is terminated and
any attempt to accept the rejected offer is considered a new
offer.
Which one of the following is the most important factor
indicating whether a communication is an offer?
Select one:
A. The offeror's subjective intent
B. The offeree's objective reaction to the offer
C. The offeree's subjective intent
D. The language that the offeror uses in the offer - ANSWER-D.
The language that the offeror uses in the offer
If the subject matter of an offer is destroyed before acceptance,
then the offer terminates
Select one:
A. Due to a lapse of time, at the moment of destruction.
B. Due to a lack of intent to contract, at the moment the offeror
learns of the destruction.
C. Due to the operation of law, at the moment of destruction.
, 4|Page
D. Due to indefinite terms, at the moment the offeree learns of
the destruction. - ANSWER-C. Due to the operation of law, at
the moment of destruction.
Absent a specific expiration time, which one of the following
represents when an offer ceases to be binding?
Select one:
A. When one year has elapsed after the original offer
B. When a reasonable amount of time passes, based on
considerations such as the contract's subject matter and the
general commercial setting
C. When a reasonable amount of time passes, based on how long
it would take an average offeree to accept or reject the offer
D. When the value of the offer's subject matter changes
significantly - ANSWER-B. When a reasonable amount of time
passes, based on considerations such as the contract's subject
matter and the general commercial setting
Hanna wrote a letter to Lucy offering to sell her computer to
Lucy. Hanna ended her letter with, "If I do not hear from you by
May 1, I will assume that you have accepted my offer." May 1
has passed. Lucy has not responded to Hanna. Which one of the
following statements is correct regarding whether a legally
enforceable agreement has been created?
