The element of Consideration in a contract means that the parties to the agreement must have had a reasonable period of time to consider their decision before signing.

A. True

B. False

The court inAccess Organics, Inc. v. Hernandezdetermined that noncompete agreements signed by existing employees are automatically invalid due to a lack of consideration.

A. True

B. False

With respect to a latent defect, silence on the part of the seller is considered fraud.

A. True

B. False

In an agreement in which the dominant party is a fiduciary and is enriched by the agreement, there is likely a presumption of Undue Influence.

A. True

B. False