es 1. Which of the following is NOT a required element of a contract? A) present bargained for exchange of value B) written agreement signed by the party against whom enforcement is sought C) lawful subject matter D) all of the above are required elements of a contract. 2. The typical remedy for a quasi-contract is 3. Kevin Hart contracts to perform at the opening of my new nightclub, The Sands, for $200,000. He contracts to perform one 90-minute performance on May 1 at 10pm. On April 20, he calls and anticipatorily repudiates the contract. The likely remedy a court will award is A) specific performance B) injunction C) there is no breach yet D) reformation 4. List the three required elements of an offer (3 letters is NOT an acceptable answer!) 5. How may an offeror terminate an offer? A) counteroffer B) revocation C) rejection D) acceptance 6. List two types of irrevocable offers 7. Explain when silence may constitute an acceptance (use COMPLETE sentences! 8. I tell you, "Mow my lawn on Saturday and I will give you $100 if I think you did a good job." You accept. You mow my lawn. I refuse to pay you. What result? A) breach of contract B) no breach, illusory promise C) no breach accord and satisfaction D) no breach preexisting duty