1.What is specific performance? Explain, using your own examples.

2.List out and explain at least three advantages of making contracts in writing, even when doing so is not required by law. List and explain at least three advantages of contracting in writing, even when not required by law to do so.

3.Explain the difference between void contracts and voidable contracts, using your own examples.

4.Briefly describe implied contracts, with your own examples.

5.Kitty makes an offer of $179,000 to Lux to buy a 45% share of Green Jade restaurant. Kitty tells Lux that if she does not hear from Lux before 5.00 pm, she will assume the offer has been accepted. Lux does not communicate acceptance before 5.00 pm.

A.If Lux refuses to proceed with the sale, can Kitty enforce the contract?

B.If Kitty refuses to proceed with the sale, can Lux enforce the contract?