What was the result in the case in the text Lucy v. Zehmer involving whether allegations of joking prevented the formation of the contract involved?

What was the result in the case in the text Lucy v. Zehmer involving whether allegations of joking prevented the formation of the contract involved? 
A. The court ruled that the contract would not be enforced because one of the parties was subjectively joking.
B. The court ruled that the contract would not be enforced because one of the parties was joking, and a reasonable person should have known that.
C. The court ruled that the contract would not be enforced because the parties had been drinking although they were not intoxicated.
D. The court ruled that the agreement would be enforced because under the applicable standard, it was not apparent that joking was involved.
E. The court ruled that the contract would be enforced because of what the parties verbally said regardless of whether an objective person would have thought joking was involved.

Constance asks Kathy if Kathy will sell her used business book for $50. What is the status of the negotiation? 
A. No offer has been made.
B. An offer has been made, but it may be revoked prior to acceptance.
C. An offer has been made that may not be revoked prior to acceptance.
D. A contract has been entered into.
E. A contract has been entered into, but it may be set aside at the option of either party.

What was the result in the case nugget, Lefkowitz v. Great Minneapolis Surplus Store, Inc., involving an advertisement for the sale of fur coats? 
A. The court ruled that the advertisement was not an offer because it involved a luxury good.
B. The court ruled that the advertisement was an offer but that the customer who was suing had not properly accepted.
C. The court ruled that the advertisement was not an offer because it was a ridiculously low offer which the plaintiff should have known was not to be taken seriously.
D. The court ruled that the ad was not an offer because ads are never offers, only invitations for customers to make an offer.
E. The court ruled that the ad was an offer and that the plaintiff properly accepted it.

If nothing is stated to the contrary in terms of an auction, an auction is presumed to be ______. 
A. Without controls
B. With controls
C. Without reserve
D. With reserve
E. Without qualifications

In an auction _________, the seller is treated as making an offer to accept the highest bid. 
A. Without controls
B. With controls
C. Without reserve
D. With reserve
E. Without qualifications

The __________ terms of a contract are those terms that would allow a court to determine what the damages would be in the event that one of the parties breaches the contract. 
A. Important
B. Significant
C. Material
D. Adequate
E. Identifiable

Which of the following terms would be considered material terms? 
A. Subject matter
B. Price
C. Quantity
D. Subject matter and price but not quantity
E. Subject matter, price, and quantity

What was the result in the case discussed in the text Andrus v. State Department of Transportation, and City of Olympia in which the plaintiff sued because a job offer was allegedly revoked? 
A. The plaintiff won because the city had validly offered him a job and had no right to revoke it.
B. The plaintiff won because, while there was no contract, the court ruled that the city was not allowed to mislead him on equitable grounds and also on grounds of unlawful discrimination.
C. The defendant won because it had truly received a bad reference.
D. The defendant won because the plaintiff had not specifically accepted the job.
E. The defendant won because the purported job offer contained insufficient information to be considered reasonably certain in regard to its terms.

In which of the following ways can an offer terminate? 
A. Revocation by the offeror only.
B. Revocation by the offeror, or rejection or counteroffer by the offeree only.
C. Revocation by the offeror, rejection or counteroffer by the offeree, or destruction of the subject matter.
D. Only by revocation by the offeror after it has been held open for five days.
E. Only by revocation by the offeror after it has been held open for ten days.