1. Non-competition promises made by employees who know valuable "trade secrets" are always enforceable even if there are no time or territorial restrictions.(T/F)
2. An intentional deception doesnotconstitute grounds for fraud unless the plaintiff relies on the deception.(T/F)
3. An offer is terminated by a counteroffer.(T/F)
4. When a business is sold, a promise by the seller not to compete with the buyer is always unenforceable because it is against "public policy" not to compete.(T/F)
5. A promise not to drive above the speed limit would be valid consideration for an enforceable contract. (T/F)
6. Contracts with minors are usually voidable by the minor unless consideration is determined to have been a "necessity.". (T/F)
7. In contract law, "intent" is determined by whether the defendant's words and/or actions would appear intentional to a reasonable person even if the defendant were to be joking.(T/F)
8. An offer can be revokedanytimebefore it has been accepted.(T/F)
9. Hiring someone to put a roof on your house would constitute "revocation" of a previous promise made to another roofer even if the other roofer had not been informed.(T/F)
10. Ignorance of a relevant law is usually sufficient reason for a court to cancel an otherwise enforceable contract.(T/F)
11. Assumpsit was an early contract action based on the principle that parties should receive equivalent value.(T/F)
12. In Carolina Pride v. Kendrick, the appellate court reversed and remanded with instruction to grant the plaintiff's motion for "summary judgment." (T/F)
13. A contract for sale of a home must be signed by both the seller and the buyer for it to be enforceable.(T/F)
14. In Cea v. Hoffman, Cea's original counteroffer was withdrawn after Modular failed to respond which left the Ceas free to accept the offer of a refund thereby creating a contract.(T/F)
15. A promise to graduate from college could constitute a "legal detriment" sufficient to serve as consideration in forming a contract.(T/F)
16. A contract with an intoxicated person is voidable by the impaired party even if the other party had no way of knowing he was intoxicated.(T/F)