. 36

1.John promises to paint Tom's fence, and Tom promises to pay John $500 for painting his fence.This can best be described as:

A Unilateral Contract

An Illegal Contract

An Unenforceable Agreement

A Bilateral Contract

.

. 37

1.On January 2, 2020 Kramer sent an offer to George to sell George his deli slicer for $200.The offer stated that George could accept the offer by mailing back a signed acceptance.On January 4, 2020, Kramer changed his mind about selling the deli slicer and mailed a revocation of his offer to George.On January 5, 2020, George received the offer from Kramer.On January 6, 2020 George took a signed copy of the acceptance to the post office and put it in the mail.On January 7, 2020, George received Kramer's revocation of the offer.On January 9, 2020, Kramer received George's acceptance.

Kramer and George:

Do not have a contract because the offer was revoked on January 7, 2020

Have a contract which was formed on January 6, 2020

Do not have a contract because the offer was revoked on January 4, 2020

Have a contract which was formed on January 9, 2020

.

. 38

1.When you sign up for a TikTok account you must accept their standard form contract terms of service without any negotiation.The service is offered ona "take it or leave it basis."True or False:TikTok's terms of service are an example of an adhesion contract.

True

False

.

. 39

1.George (age 58) and Ringo (age 79) intended to form a valid bargain for George to sell Ringo George's home.Since George and Ringo are such close friends, they did not put the agreement in writing.This agreement can best be described as:

Voidable

Enforceable

Unenforceable

Void