1 pts Question 1 In the absence of a time condition in the offer, the offer will expire after thirty (30) days. true false 1 pts Question 2 Suppose that Eduardo agrees to purchase Caleah's car for $10,000, Eduardo's payment of $10,000 is the Caleah will receive for her car. O consideration offer conditional offer O invitation to negotiate O forbearance Question 3 1 pts To make business transactions smoother and more dependable, the law has developed rules about when "yes" means conditionally O maybe O probably with some reasonable degree of certainty yes Question 4 1 pts A general rule in contract law is that for a promise to be enforce by a court, there must be O an offer O consideration O an acceptance O an illusory promise O a written agreement Question 5 1 pts Courts interpret contracts using a subjective standard. true O false Question 6 1 pts Parties to a contract cannot successfully claim they justifiably relied on a false assertion of fact when the error in the statement O was made by a merchant would have been clear to anyone who had inspected the item being exchanged involved an innocent misrepresentation involved negligent misrepresentation could not have been determined no matter how hard either party tried Which of the following does not constitute valid consideration? O A benefit to the promisor O A detriment to the promisee O A promise to do something O An invitation to negotiate O A promise to refrain from doing something 1 pts Question 8 If a potential contracting party is concerned with another person's mental ability to contract, she is concerned with the person's mens rea O intelligence quotient O capacity O actus reus O consideration 1 pts > Question 9 A person who has legal to contract is one who has the mental ability to understand his or her rights and obligations under a contract. affirmance capacity O ratification construction assent Question 10 1 pts Lack of genuine assent is a defense to the enforcement of a contract. true false