Question 63 (1 point) Saved Listen An offeror can revoke the offer at any time unless the offeror says he or she will hold the offer open for a stated period of time. 1) True 2) False Question 53 (1 point) Listen Which of the following contracts are usually voidable? 1) Contracts entered into as a result of fraud. 2) Contracts entered into as a result of duress. 3) Contracts entered into as a result of undue influence. 4) Contracts entered into as a result of fraud or duress, but not undue influence. Question 73 (1 point) Listen Bank Robbery. Victor robbed Safe Bank of a significant sum of cash. Safe Bank offered a reward of $10,000 for anyone who captured or provided information leading to the capture of Victor. Ted, a police officer in town, promised Safe Bank officials that he would apprehend Victor. While on duty, Ted arrested Victor at a hamburger joint in town. He found Victor based upon a hunch he had after Ursula, who dated Victor, told him about various places Victor enjoyed eating. The bank refuses to pay either Ursula or Ted any of the reward money. In a lawsuit between the bank and Ted, regarding the reward funds, who is likely to prevail and why? 1) The bank is likely to prevail because Ted only provided past consideration. O2) The bank is likely to prevail because Ted had a preexisting duty to catch Victor. 3) The bank is likely to prevail because Ted's promise to catch Victor was an illusory promise. O 4) Ted is likely to prevail because his promise to catch Victor resulted in a binding bilateral contract. 5) Ted is likely to prevail because an enforceable unilateral contract arose from his performance. Question 74 (1 noint)