1. Please briefly explain the differences between:

(a) void and voidable contracts

(b) executed and executory contracts

(c) unilateral and bilateral contracts

(d) enforceable and unenforceable contracts

2. Please explain the differences between liquidated and unliquidated debts.

3. Bob, a minor, contracted with Pioneer Temporary Staffing Agency, LLC, an employment agency, for the agency to find a job for him. The agency's fee under the contract was $200. Bob started working for Big Job Opportunity, Inc as an interoffice mail carrier, a job that was referred through the contracting employment agency. Bob decided to quit his job position 3 months after he started his employment and while still a minor disaffirmed the contract with the employment agency. The agency sued Bob for the job placement fee. Can Bob disaffirm his contract with the employment agency? Please briefly explain each party's position.

4. Please discuss whether any of the following contracts will be enforceable or unenforceable:

(a) Kim was employed by ABC Corp. as an office manager. She was accused of embezzlement due to missing money from the company's accounts receivables, which she admitted to, and she was fired from the company. Three days later Kim returned to the company's office and signed an agreement with the company to repay the missing money totaling $5,000 in 10 equal monthly installments. Kim made 4 installments and then stopped making any further payments. ABC Corp. sued Kim for the balance amount. Kim's defense and reason for stopping was that the agreement she signed with ABC Corp was under duress and she is not obligated to make any payments. Would your answer change if the reason she raised the defense of duress was due to her attending a support meeting for unemployment professionals?

(b) Helen finds a shiny stone while she is walking on the city park that she believes to be just a unique stone. Aaron, her best friend who also believes that the stone is just unique, contracts to purchase it for $20. The day after the agreement and before delivery of the stone, the stone is discovered to be a rare diamond worth $20,000.

(c) Tim, a well known artists, contracted with Liz, an established entrepreneur, to paint some unique portraits for her new getaway home. The agreement was for Tim to paint 5 pieces of art at $10,000 each that will feature nature. When the pieces of art were delivered to Liz, Liz refused to pay for them because she did not really like the sceneries of the arts.

(d) Angelina Dolie, a well known actress and missionary, contracted with Armano, a well known fashion designer, for Armano to design a dress for Angelina so she can wear it at next month's Oscar Awards. The contract provided that the selection of the design, fabric, and other details for the dress were the sole responsibility of the designer. Angelina wore the dress at the Oscar's but refused to pay for the dress because it was little too big for her and it made her look too fat. The dress actually was little too big for Angelina's body.

5. Mike, an elderly man, promised his friend, Mohamed, to pay him $1,000 if he stops praying for 10 consecutive days. Mohamed, a very religious individual, refrained from praying for the time agreed. Mike before he could pay his friend died from a heart attack. Mohamed tried to enforce this agreement but Mike's estate refused to pay, arguing that there was no consideration. Should a court of competent jurisdiction uphold this agreement? Why or why not?