1. If all the elements of fraud, mistake, duress, undue influence or negligent misrepresentation exists, the contract is unenforceable. A. True B. False 2. It is more difficult to rescind a contract based on unilateral mistake than on mutual mistake. A. True B. False 3. In general, the identity, existence, quality, and value of an item are not "basic assumptions." A. True B. False 4. A debtor's offer to settle a $25,000 debt for $1000 on a take it or leave it basis with knowledge that the creditor is in extreme financial trouble, is not economic duress. A. True B. False 5. All persuasion contracts between parties in a fiduciary relationship are automatically undue influence and therefore enforceable A. False B. True 6. As a general rule statements of opinion regarding quality or value are not grounds for recession A. True B. False Can you please give a brief explanation to study for my exams next week I appreciate it would really help me ace my finals