QUESTION 1 The Statute of Frauds requires that all contracts be in writing in order to be enforceable. True O False QUESTION 2 A third-party beneficiary must be a party to the contract in order to sue the defaulting party on the same contract. True False QUESTION 3 Every contract that is entered into with an incompetent person is vold. True False QUESTION 4 A voidable contract may be enforced by the party who was the victim of fraud. True False QUESTIONS Judicial activism has created various doctrines to enforce a promise although a contract was never created. True False QUESTION 6 A bilateral contract requires a person to perform an act to accept the offeror's promise. O True False ile ya