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Just awnser true or false to the questions NAME TRUE OR FALSE (2 Points Each) V 1. In order to be legally valid, a contract
Just awnser true or false to the questions
NAME TRUE OR FALSE (2 Points Each) V 1. In order to be legally valid, a contract must be in writing. In 2. A valid contract is one that meets all of the requirements of a enforceable contract. 3. An implied contract is formed by conduct. 4. On June 1, a civic club made an offer to pay a beer distributor to have ten kegs de park for a July 4th fund-raising event Online in the t assed new law prohibiting cons alcohol in the city park. The civic club's offer is terminnted on June 30. er distributor to have ten kegs delivered to the city ssed a new law prohibiting consumption of 5. The contracts with a person to commit a crime are void. 6. On Tuesday morning John sends a letter to Arlene reiectiny her offer, but later the same day John changes his mind and sends a letter of acceptance to Arlene. The letter of acceptance True only if it is received by Arlene before she receives the rejection 1. The common law "mirror image" rule applies to an offer and the acceptance of that offer in a contra try for the sale of goods. 18. An advertisement is an "offer" for the purposes of contract t . 2. A party who tries to accept an offer that is not directed at them is making an offer. 10. Silence is an effective means of acceptance when the offeror indicates that it is. 11. A gratuitous promise is a promise made without consideration. 'l. A grati M a 12. The performance of a pre-existing contractual duty which is neither doubtful nor the subject of an honest dispute is legally sufficient consideration to support a second contract. 13. Promissory estoppel is rooted in the concept of avoiding unjust enrichment. 14. Past consideration is recognized by the courts when promises are made regarding future raises. 15. An accord and satisfaction settlement agreement is used in a voluntary settlement of claims. 16. General common law contract law governs contracts outside the scope of Article 2 of the UCC 17. The Uniform Commercial Code applies only to sales of goods by manufacturing firms who ship goods to buyers interstateStep by Step Solution
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