Question 6

Ordinarily, a promise to perform an existing obligation is:

	a) not consideration.
	b) binding if the promisor promises to perform with due care.
	c) binding if the promisor promises to perform to suit the personal satisfaction of the promisee.
	d) binding if substantial loss would be caused by the promisee by a breach of the promise.

Question 7

In a unilateral contract, the doing of a requested act is also the:

	a) detrimental reliance of the promisee.
	b) detrimental reliance of the promisor..
	c) acceptance of the offer of the promisor.
	d) acceptance of the offer of the promisee.
	e) none of the above

Question 8

A counteroffer is a/an:

	a) acceptance of the original offer.
	b) rejection of the original offer.
	c) acceptance of the original offer and an invitation to negotiate further.
	d) a revocation of the original offer.
	e) acceptance of the original offer, except to those terms which are part of the counteroffer.

Question 9

An offer may be terminated by:

	a) rejection.
	b) operation of law.
	c) revocation.
	d) all of the above.

Question 10

An implied contract is shown by:

	a) a writing.
	b) statements made in open court.
	c) the acts of the parties.
	d) oral promises exchanged for oral promises.