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5. If an offeree makes a mistake and sends an acceptance to the wrong address, there is an acceptance upon dispatch. T/F Under the Mailbox
5. If an offeree makes a mistake and sends an acceptance to the wrong address, there is an acceptance upon dispatch. T/F Under the Mailbox Rule, a valid contract is formed if a rejection is dispatched, bu 6. t before the rejection is received, the acceptance is communicated to the offeror. T/F 7. A detriment to a promisor is a type of consideration. T/F 8. A promise to do something you are already obligated to do is generally a valid consideration. T/F 9. An unliquidated debt may be the subject of an accord and satisfaction. T/F 10. As a general rule, parents are not liable for the contracts entered into by their minor children. T/F 11. For purposes of determining capacity, intoxicated persons include those under the influence of alcohol, but not drugs. T/F 12. Disaffirmance laws have been found to reflect a policy of discouraging adults from contracting with minors. T/F 13. An erroneous belief about the facts of a contract at the time a contract is concluded is called a "mistake of fact". T/F 14. "Undue Influence", refers to those special relationships in which one person has taken advantage of his/her dominant position in a relationship to unduly persuade the other person and interfere with that person's ability to make his/her own decision. T/F 15. It is not necessary to show "reasonable reliance" to prove fraudulent misrepresentation. T/F 16. There is federal legislation titled, "Statute of Frauds". T/F
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