1) We get into a car accident, I tell you I'll give you $500 if you sign a release. You agree as the damage looks minor. Later you find out the damage is actually $6,000.

	a.	You can't sue as you signed a release
	b.	None of the above
	c.	You can sue as you did not know the extent of the damage before
	d.	You can't sue as this is an accord and satisfaction

2) You offer to mow my lawn for good vibes. If you don't do as you promised

	a.	I do not have a claim for breach of contract due to the lack of consideration
	b.	I do not have a claim because it must be in writing
	c.	None of the above
	d.	I have a claim for breach of contract

3) You see a Silver Teapot on E-bay's auction site. When you bid on it, this is an:

	a.	Offer
	b.	Acceptance
	c.	Invitation to Offer
	d.	None of the above

4) Which of followingmustbe in writing under the Statute of Frauds

	a.	All of the above
	b.	A contract for $2000 of lawn mowing services
	c.	A contract involving land
	d.	A contract for more than $50,000

5) You owe me rent. You sign your $100 paycheck over to me. The $100 check is wrong as you were paid too much. You never tell me you were paid too much. Which is true?

		Your employer cannot get the money back from me as I am a holder in due course
		Your employer can get the money back from me regardless of whether I am a holder in due course
		I am not a holder in due course
		None of the above