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1. Why is contract law fundamental to a market economy? 2. Which of the following do not amount to consideration under contract law? a. $0.05

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1. Why is contract law fundamental to a market economy? 2. Which of the following do not amount to consideration under contract law? a. $0.05 (i.e. 5 cents) b. A promise to think about an offer c. A expensive painting given to the Tina the week before she makes an offer to sell a valuable vase to you 3. Xavier is starting an online business called 'footbook' that is a social networking website where people post pictures of their feet. Xavier has a lunch meeting with his sister to discuss whether she would like to invest in the business. He tells her "if I don't hear from you by T Friday I will assume you agree to my offer." Friday passes and Sally has not contacted Xavier. Can Xavier legally claim the investment money from Sally? role in the presentes en la mayor para mengenai bany as a constat

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