19. Harvest Fish Company and Refrigerated Storage Company enter into a 2 yr. term lease for a warehouse. To be enforceable, the lease must be in writing only if the amount of the rent to be paid is less than $500. a. b. only if the amount of the rent to be paid is more than $500. only if the amount of the rent to be paid is more than $5,000. C. d. regardless of the amount of the rent to be paid. 20. Quick Fix Inc., offers Pam a job as a plumber. No time is specified in the offer. The offer will terminate. Never a. After a reasonable period of time. b After a typical work week (5 business days.) d. After a usual month (30 calendar days.) 21 Vince offers to buy a book owned by Sun-Hi for twice what Sun-Hi paid for it. Sun- Hi accepts and hands the book to Vince. Sun-Hi's delivery of the book is not consideration because its transfer is a preexisting duty. a. b not consideration because its exchange is not fair. consideration C. not consideration because its value is legally insufficient. d. Restoration, Inc., contracts to repair a crack in a supporting beam for Stagecraft. Theater for $10,000. If Restoration does not perform the repair, Stagecraft must 22. pay $0 a. $1,000. b. $5,000. C. $10,000 d