35. If there are time limitations or other restrictions in a contract, an assignee of the contract a. b. c. d. e. May ignore it Has the option to void it Is bound by it Has the option to void it Must consent to be bound before any restriction can be applied. 36. As part of an advertising campaign, a plane flew over the beach in Ocean City trailing a banner that read: "Boardwalk Bistro will give $100 to the first person to swim from the inlet at 1 Street to Boardwalk Bistro's at 33'd street." Daisy was a very strong swimmer and accepted the challenge. When she got to 25th Street, however, the plane appeared again with a banner that read: "Bistro withdraws its offer." Bistro's first banner had contained an offer to form a(n) contract. a. Bilateral b. Unilateral c. Implied in fact d. Illusionary 37. Which statement best describes Daisy's and Bistro's rights in this situation (see item 35 above)? a. Bistro may revoke the offer because it will not be accepted until Daisy reaches 33 Street. Bistro can revoke the offer because Daisy did not notify Bistro that she intended to accept the offer. b. c. Bistro cannot revoke the offer because this is a bilateral contract d. Bistro cannot revoke the offer because Daisy has substantially performed the requested action. 38. Plaintiff's duty to take steps to lessen the damages that result from a defendant's breach of contract is the duty to a. Mitigate b. Subrogate c. Abrogate d. Ameliorate e. Plaintiff has the option to void it A promissory note for the sum of $10,000 to be repaid in 6 years at 5% interest. A cell phone service contract for $29.99 per month. A bill sent to homeowner by contractor for an additional $500 for cost overruns: owner claims he will pay only $250. An installment sales contract for the purchase of a $5,000 mower with $200 down and the rest financed at 8% for 3 years. Which of the following is an example of an unliquidated debt? a. b. c. d