25. TF Generally, time is not of the essence unless contract expressly states it to be so. 26. TF In a unilateral contact, a contract comes into existence once the promises are exchanged 27. T F In a bilateral contact, a contract is not formed when the promises are made, but when the contractual duties are performed 28. T F Duress consists of unlawful pressure exerted upon a person to coerce that person to perform an act that they ordinarily would not perform. Expectation Damages is an amount, stipulated in a contract, that the parties a breach. 29. T F bedleve to be a reasonabe mgntof