Madeline offers to sell her computer programming business

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Reference no: EM132209128

1. An e-record is considered received under the UETA only if a person is aware of its receipt. True or False

2. The UETA covers e-records and e-signatures relating to a transaction. True or False

3. Useful Properties, Inc., mails a flyer to hundreds of firms, advertising a piece of land for sale. Texas Manufacturing Company responds by saying, “We accept your offer.” Between UPI and TMC, there is:

A. a contract for the sale of the land.

B. a contract to consider the offer before any others.

C. a contract to negotiate a sale of the land.

D. no contract.

4. Madeline offers to sell her computer programming business to Megann for $100,000. Megann replies, “It’s not worth that much. I will buy it for $90,000.” Megann has

A. accepted the offer if Madeline agrees.

B. made a counteroffer without rejecting the offer.

C. rejected the offer and made a counteroffer.

D. rejected the offer without making a counteroffer.

Reference no: EM132209128

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