Insurance policies may be classified as contracts of O service and adhesion O adhesion only duress only O undue influence and adhesion 4 of 10 Valid consideration must be either the performance of an act or the payment of money True O False 5 of 10 Randolf, a wealthy connoisseur of arts, was invited to an art exhibition. He became very interested in one of the showcased paintings and approached the manager to buy the piece. While he was interested in the painting (catalogue number 1201), the art gallery's manager mistakenly assumed he was interested in another piece. When it was the time to complete the transaction, the manager realized that he had instead sold and delivered the wrong painting. He immediately clarified this with Randolf. In this instance, the contract can be canceled by either party for O mutual mistake unilateral mistake and mutual mistake mutual or unilateral mistake O mutual mistake and misrepresentation 6 of 10 A written contract can be a handwritten note provided it is notarized. True O False 7 of 10 Contracts in which the parties have unequal bargaining power are known as u able contracts. True False