please answer all 4 questions for an instantaneuos like
We have a meeting of all employees of my firm. During that meeting, I thank all of our employees for working so hard and making this a successful and profitable year. I further state: "I understand that this has been a very busy year and all of you have given extra effort. If you stay with the firm and continue to work hard through the end of this year, you will receive a $1000 bonus on January 1." On January 1, I decide not to pay. There is no entorceable contract between the law firm and the employees as the employees gave no comsideration for the promise to pay a bonus. There is not enforceable contract between the firm and the employees as my promise to pay was illusory and they should have reasonably known that. There is an enforceable contract because I otfered a unilateral contract of a promise to pay a bonus in exchange for the act of the employees staying with the firm until the end of the year and working hard. The contract was formed when they stayed and worked to the end of the vear. The consideration by the employees was staying and working. The consideration by the firm was a promise. No answer text provided. Consideration Is the element of a contract which requires an exchange of something between the parties to a contract. is the element of a contract that requires an exchange of money to form an enforceable contract. sufficient to form a contract can not include and exchange of promises. No answer text provided. Contracts are about assumption of duties by agreement. Mutual assent is the element of contracts which is the agreement itself. Mutual assent requires an offer (with the requisite serious intent to enter an agreement, certainty as to the terms, and communication to the offeree) as well as an unequivocal acceptance communicated by the offeree to the offeror. This is the meeting of the minds. The element of "capacity" goes to the ability of the parties to actually have the ability to understand such that there can be a meeting of the minds. True False No answer text provided. No answer text provided. Able had been a shareholder in his law firm for 35 years. He decided to leave the law firm. Able and the other owners of the law firm entered into a contract to purchase Able's interest in the law firm for $100,000. In that same contract, Able promised not to practice law in the same town for a period of 6 months. Able's promise not to compete is not enforceable as such a contract in Califormia which restrains anyone from engaging in a lawful profession, trade, or business is not lawful. is enforceable if it is reasonably restricted in time and territory as Able was selling his interest in the law furm. is enforceable because the law relating to prohibition promises not to compete are not applicable to professions like attorneys, accountants, and doctors. No answer text provided