QUESTION 5 If Fred promises to pay Bill $50 for painting the house and Bill the proceeds to paint the house, the act of painting the house Imposes no payment obligation unless Fred is completely satisfied with the job Is the consideration that creates Fred's contractual obligation to pay Bill B. C. Merely expresses a responsability Imposes a moral obligation on Fred to pay Bill QUESTION 6 Not all terms of an offer need be expressed. Some may be implied. True False QUESTION 7 Informal contracts include 4 poir A Negotiable instruments Click Save and Submit to save and submit. Click Save All Ansters to save all answers Save All Answers