A non-corporate entity, such as a limited partnership, takes the citizenship of each of its members. True False Question 17 1 pts A binding promise or agreement requires that the parties to the agreement have contractual capacity. True False Question 18 1pts In a unilateral contract, a promise is exchanged for an act or forbearance to act. True False At the marriage of her daughter, Lorna is given papers to sign, which the catering company says are the invoices for the food, service, and decorations. Underneath the invoices are a carbon and a contract of sale for a portion of the failing catering business. Lorna signs the papers; her signature is transferred to the sales contract. This is a void contract because it was entered by fraud in the execution. True False Question 29 1pts Clara types a letter to Fraser setting forth the terms of their contract that falls within the statute of frauds. At the end of the letter, she types her name but does not sign her signature to it. If Fraser wants to use the letter to satisfy the writing requirement, he may do so. True False Question 30 1 pts Marjorie has been cared for by her family physician for 35 years. She decides to assume the mortgage on his new clinic. The contract is automatically invalid because of undue influence. True False The Uniform Electronic Transactions Act, which has been adopted by all of the states and the District of Columbia, gives full effect to electronic contracts and develops a uniform legal framework for their implementation. True False Question 20 1 pts When a trial is conducted with a jury, the judge determines issues of law and the jury determines questions of fact. True False Question 21 1 pts In order to be sufficient, an agreement required to be written under the statute of frauds must be signed at the bottom and notarized. True False Federal courts have exclusive jurisdiction over bankruptcy, patent, trademark, and copyright cases. True False Question 26 In a bilateral contract, if one party is not bound, neither party is bound. True False Question 27 Civil law systems, as found in the state of Louisiana and countries such as Scotland, depend on comprehensive legislative enactments. True False If Marie, a minor, disaffirms the purchase of her new car that she has recently wrecked, in most jurisdictions she need only return the damaged vehicle to validly disaffirm the contract. True False Question 14 1 pts Under the UCC parol evidence rule, usage of trade will take priority over specific provisions in a written contract. True False Question 15 1 pts Ratification of a contract, once effected, is final and cannot be withdrawn. True False Emancipated minors have no ability to avoid contracts based upon their minority. True False Question 23 1 pts Charitable subscriptions are one of the most frequently occurring applications of the doctrine of promissory estoppel. True False Question 24 1 pts Under the UCC, an acceptance must always be identical to an offer for a valid contract to be formed. True False