Inez, wishing to sell a used business law book, calls Janice and tells her that if she does not hear from her within twenty-four hours

Which of the following is false regarding how the Japanese tend to view contracts? 
A. The Japanese tend to view contracts as ongoing relationships.
B. The Japanese tend to view contracts as relationships in which parties work with each other to smooth out any problems that arise in performance.
C. The Japanese tend to be suspicious of long, detailed contracts.
D. The Japanese have a preference for flexible contracts.
E. The Japanese do not desire that any terms be left to be decided later.

Which of the following is true regarding the situation that occurs when a party has made a unilateral offer and another party has begun performance? 
A. The offeror has the right to revoke the offer at any time before performance has been completed.
B. The offeror cannot revoke if at least one-third of the performance has been completed.
C. The offeror cannot revoke if at least one-half of the performance has been completed.
D. The offeror cannot revoke if at least three-fourths of the performance has been completed.
E. The offeror must give the offeree a reasonable time in which to complete the performance.

Inez, wishing to sell a used business law book, calls Janice and tells her that if she does not hear from her within twenty-four hours, she will assume that Janice wishes to purchase the book for $50. Which of the following is correct regarding the status of the proposed book sale? 
A. There is no contract because in this situation silence cannot be used to form a contract.
B. There can be no contract because the offer was not made in person.
C. There can be no contract because the offer was not made in writing.
D. Janice can avoid there being a contract only if she can prove by preponderance of the evidence that she did not hear about the offer before the stated expiration time.
E. Janice can avoid there being a contract only if she can prove beyond a reasonable doubt that she did not hear about the offer before the stated expiration time.

Which of the following sets forth the common law rule that the terms of an acceptance must mirror the terms of an offer? 
A. The Matching Rule
B. The Complete Rule
C. The Mirror Image Rule
D. The Exact Rule
E. The Parallel Rule

Which of the following is generally true if no means of communicating an acceptance is specified in an offer? 
A. The acceptance must be in writing.
B. The acceptance must be made verbally either by telephone or in person.
C. No valid contract may be entered into because the offer must specify a means by which to accept.
D. Acceptance may be made by any reasonable means.
E. Acceptance must be made orally or in writing within twenty-four hours.

Which of the following provides that an acceptance is valid when it is placed in the mailbox? 
A. The Acceptance Rule
B. The Contract Rule
C. The Reasonable Rule
D. The Mailbox Rule
E. The Contract Legality Rule

Which of the following provides that a revocation is effective only when received by the offeree? 
A. The Acceptance Rule
B. The Contract Rule
C. The Reasonable Rule
D. The Mailbox Rule
E. The Contract Legality Rule