16. a. F os The elements required for a valid enforceable contract include: The contract must be in writing in all cases to be enforceable b The contract must be performed in all circumstances The contract must be fair to all parties d. The contract must state the key terms of the agreement, be supported by consideration, be for a legal purpose, and be between parties with the capacity to enter into an agreement c. 17. a. The sources of commercial law include: Statutory law (commercial code) b. Common law (judge made law) Administrative law d. A and B c. 18. a. When a federal court is called upon in a case to interpret a federal statute, the court generally will consider which of the following? The legislative history of the statute b. The intent of the President in deciding to sign the statute The plain meaning of the statute d. A and C c. 19. a. A defendant may be strictly liable for a tort: Never b. When the defendant is engaged in an activity deemed to be ultra-hazardous When the defendant has not acted in good faith d. Always c