1 "The law generally restricts the time within which an action can be brought by either party to a contract." This statement is: a. false. b. true, because of statutes of limitation. Oc. true, because of the law of repudiation. O d. true, because of covenants not to sue. QUESTION 2 A corporation has perpetual existence unless otherwise stated in its articles of incorporation. O True O False QUESTION 3 Promissory estoppel is a contractual doctrine that includes the following considerations: a. The courts use the doctrine of promissory estoppel to enforce unilateral promises. b. Under this doctrine the promisor reasonably expects that the promisee, in reliance on the promise, will be induced by the nature of the promise to take action or refrain from taking action and the promisee does so. c. The courts will not, under any circumstance, enforce promises that do not include all four of the elements of contract. d. None of these apply to promissory estoppel