A promise for a promise is what type of contract? (oral written or a combination) a. Bilateral contract b. Unilateral contract c. Valid contract d. Express contract Formation of a contract includes consideration. Consideration is: a. a bargained for exchange b. a perform or commitment to perform or refrain from performing an act in the future c. a voluntary act by the offeree that shows assent d. a defense to the formation of a contract Formation of a contract includes Acceptance Acceptance is: a. a bargained for exchange b. a promise or commitment to perform or refrain from performing an act in the future c. a voluntary act by the offeree that shows assent d. a defense to the formation of a contract Formation of a contract includes an offer. An offer is: a. a bargained for exchange b. a promise or commitment to perform or refrain from performing an act in the future c. a voluntary act by the offeree that shows assent d. a defense to the formation of a contract A Defense to the formation of a contract is: a. Illegality b. Incapacity c. Fraud d. Duress e. All of the above Mrs. McDonald leased an apartment for a 10 year period where she resided with her son, Ronald. She died after 5 years of leasing the apartment. The landlord who was at the funeral began receiving the rent payments from Ronald. The landlord accepted the payments for two years until Ronald received an eviction notice. Under what theory of contracts could Ronald remain in the apartment? a. Bilateral contract b. Unilateral contract c. Valid contract d. Express contract