Review View V Tell me Hew... 12 AA Aa A A E X Uab X, X APAAEEEE Share OC ALI Sensitivity TRUE / FALSE 1. The original offer is terminated by a "counter" offer. 2. A contract can be discharged if the government makes the subject matter illegal 3. "Compensatory damages" usually include such things as monies for malicious activities. 4. Courts will declare a contract voidable if one party successfully claims that when the contract was made when they were under duress 5. An oral promise to pay for an action that happened in the past is usually enforced by the Courts. 6. A provision in a contract whereby a person has made an opened ended promise is often referred to as an illusory promise". 7. A minor, in general, has the right to disaffirm or get out of a contract, even if there is no wrongdoing on the part of the adult with whom the minor made the agreement 8. A contractual agreement would be considered "void" when the agreement is with a person who is intoxicated. 9. The term "contract of adhesion" refds to a contract between two closely held companies 10. Agreements between an employer and an employee whereby the employee agree not to compete after this employment are always illegal and unenforceable. 11. The "Statue of Limitations" refers to limits in the law that prohibit a person from suing some one over a certain age. 12. A Court will usually allow into evidence-oral evidence of contradictory contract terms once a final written agreement has been made between the parties. 13. The Statute of Frauds and Perjury" was put in place in England to require that certain types of agreements be put in writing in order to be enforced by the legislative elected body. 14. The parties to a contract can never put into an agreement any conditions which will discharge the duties of one of the parties, such conditions are always illegal and unenforceable. Focus E