1- Any acceptance must adhere to the mirror image rule.

True

Fals

2- An offer that becomes illegal or in violation of public policy prior to acceptance will be revoked by law. True False

3- E notarization is valid in certain circumstances. True False

4- Generally, once performance has begun, a unilaterial contract offer may not be revoked. True False

5- Unconscionability may be a ground to "get out" of a contract. True False

6- Consideration is a bargained for exchange of promises. True False

7- An implied in fact contract is created by express consent of the parties. True False

8- Gambling contracts are illegal. True False

9-Generally, the "plain language" rule is used to interpret contracts. True False

10-One's subjective interpretation of a contract will not be taken into consideration by a court. True False

11- An offer may be revoked any time prior to acceptance without consequence unless

	A.	The offeror promises not to revoke it
	B.	There is an option contract concerning the offer
	C.	The offer is in writing
	D.	All of the above

12- Restrictive covenants in employment contracts will

	A.	Always be enforceable
	B.	Never be enforceable
	C.	Be enforceable only if reasonable
	D.	None of the above

13-An accord and satisfaction will

	A.	Always discharge a contract
	B.	never discharge a contract
	C.	Only modify a contract
	D.	Rescind the contract

14- Which of the following will a court take into consideration to interpret a contract?

	A.	Objective theory of contracts.
	B.	"Plain language" rule.
	C.	The parties' interpretation.
	D.	A & B above

15- Bob and Frank enter into a bilateral contract, which is created when Bob gives a promise in exchange for Frank's

1. particular act
2. performance
3. Promise
4. all of the above

16-Dave promised Bill to pay him $150.00 to paint his apartment. After the job was completed, Dave promised Bill an additional $75.00 for his excellent job. This promise is

1. Enforceable
2. unenforceable because it is not in writing
3. an unliquidated debt
4. unenforceable because it was a promise made in exchange for an action that has already taken place

17- Mary and Joe enter into an implied-in-fact contract. The parties' conduct

	A.	defines the contract's terms
	B.	finds the contract's facts
	C.	terminates any unintended consequences
	D.	all of the above