. 11

1.Ezekiel was severely intoxicated when he entered into a contract with Jerry.Ezekiel did not understand the nature and consequences of the transaction he entered into.A court has ruled that Ezekiel can void his contract with Jerry due to his intoxication.True or False:Ezekiel will have to make restitution to Jerry.

True

False

.

. 12

1.True or False:Giving up the use of illegal drugs for one year in exchange for $5,000 would be adequate consideration.

True

False

.

. 13

1.True or False:A 25 year old man's promise to go into rehab for alcoholism in exchange for $5,000 would be adequate consideration.

True

False

.

. 14

1.A $500 reward for the return of a lost dog is an example of a bilateral contract.

True

False

.

. 15

1.C.J. owns a business that sells a wide range of cosmetics.Walker is her only supplier of a particular type of makeup that is very popular with customers.Walker is experiencing financial difficulties and may not be able to stay in business much longer.C.J.'s business will be damaged if Walker goes out of business.In order to help Waker get a loan from the bank, C.J. goes to the bank with Walker and promises to pay Walker's debts if Walker is unable to do so.True or False:In order for C.J.'s promise to be enforceable, it must be in writing.

True

False