9. On October 1, Susan put a For Sale sign in front of her house. A few days later, she signed a short written agreement with Ricardo, in which she agreed to sell her house to Ricardo for $300,000. Ricardo promises to pay Susan the entire purchase price on November 5, in cash or bank wire transfer. On October 25, Susan told her kids she has sold the house, but they try to convince her to cancel the contract, because they think the house is probably worth $400,000 or more in Seattles hot real estate market! Susan then talks to an appraiser, who lets Susan know that the house is probably worth between $400,000 to $425,000. On October 28, Susan sends Ricardo an email in which she tells him she has changed her mind about selling just now, and she is tearing up her copy of the agreement! a. Ricardo is out of luck - Susan has the right to change her mind about selling. b. Ricardo is out of luck Susan had the right to get an appraisal before agreeing to sell, so any agreement they signed was not valid. c. Ricardo can go to court to have a judge enforce his contract rights to buy the house for $300,000.

10. On January 1, Joy signed an agreement in which she promised to sell her mink coat to Sheryl, for $25,000. Sheryl promised to pay Joy the $25,000 by January 15. Joy promised to have the mink coat professionally cleaned, and to deliver the mink coat to Sheryl within 10 days after Sheryl completes payment. Sheryl made her $25,000 payment right on time January 15. Joy then took the mink coat to the professional cleaners, and they say they will clean it and have it ready for Joy to deliver the coat by January 30. This is as far as things have progressed. At this point (January 30) the contract between Joy and Sheryl can be described as: a. not a contract at all just an exchange of two promises. b. an implied, executory contract c. an implied, executed contract d. an express, executory contract e. an express, executed contract

11. An enforceable contract always requires: A) each party is at least 18 years old B) cash going from one party to another C) a signed, written document D) mutual consideration of some kind 12. Susannah was a Plaintiff in a civil lawsuit against Douglas. Susannah was successful, and the Judge enters a Judgment against Douglas for a specific dollar amount ($50,000). Susannah will: a. automatically be paid by the Defendant. b. have to try to get paid by garnishing assets that belong to the Defendant, or by garnishing wages that the Defendant is earning.