11. The mailbox rule generally makes acceptance of an offer effective at the time the acceptance is dispatched. The mailbox rule does not apply if A) Both the offeror and offeree are merchants B) The offer expressly provides that an acceptance not take eflect until it is actually received C) The offer proposes a real estate contract D) The offer is not open for more than 90 days. 12. Speedy Delivery, Inc., and Lock and Key Storage Company enter into a long-term lease for a warehouse. To be enforceable, the lease must be in writing for which of the following amounts: A) $500. B). $5,000 C). $50,000 D). any of the above amounts 13. Which of the following is correct regarding the assignment of rights in a contract? 1) Assignments must be in writing and signed by the assignee !!) Most contract rights are non-assignable as a matter of law A) II only B) I only C) Neither I nor II D) Both I and II 14. Which of the following is the correct statement of law? I) A legally enforceable agreement can result even if an offer was never accepted Il) A contract can be in effect for any lawful purpose A) II only B) I only C) Neither I norI D) Both I and II 15. If a person is induced to enter into a contract by another person because c close relationship the parties, the contract may be voidable under which of the following defenses? B) Undue Influence D) Unconscionability A) Fraud in the execution C) Duress