QUESTION 1 Acceptance of a contract O A. can be communicated orally and in writing O B. is only valid if it is in writing O C. can be electronically or by action O D. both A and C QUESTION 2 Consideration means O A. that the parties must be thoughtful of each other's point of view O B. something of value is given by each party to a contract C. to take the time to consider the terms of the contract O D. the parties have considered the terms of the contract and accepted the contract QUESTION 3 Punitive damages O sum generally added to a damage award O are intended to penalize the breaching party are intended to compensate the plaintiff for a defendant's outrageous conduct O all of the above QUESTION 4 The essential elements of a contract O A. are a written agreement and acceptance of the contract O B. are the consideration and an intention to create a legal relationship O C. are offer and acceptance and legality O D. both B and C