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Submi 1. In a voidable contract, a party to the contract has the legal right to refuse to perform his/let This a promise. 2. Dick and Jane make an oral agreement that jane will buy Dick's house for $100,000. This can be a valid contract 10 3. Owen says to Pete, "If you carry this package across the Brooklyn Bridge, I'll give you $20" Pete then starts to walk across that bridge, but then changes his mind and turns around. Under these circumstances Pete has breached a contract. 4. In determining whether or not a contract has been made, the law uses a objective standard which means whether or not the parties who were involved seriously Intended to make a contract. Hual one? 5. A written contract that results from the buyer's promise to buy a dog, in return for the seller's promise to sell the dog, would be classified as an informal, bilateral contract 6. Suppose Peggy wants to sell her computer to Nick for $400-but Nick doesn't want to bey it To "encourage" him to accept her offer to sell the computer for $400, she puts a gun to Nick's head-at which point (because he is afraid for his life) he agrees to buy the computer. This contract is not void 7. Fog has a contract with PSU that she will teach a summer school course for $2/000. After Fog teaches that course and PSU pays her, the contract is executed. B. A valid contract must be stated in writing and signed by both parties. 9, Pedro's Pizza Parlor drives up to Paul's house, and knocks on Paul's front door. When Peel opens the door, the pizza driver says, "Here is the pizza you ordered, Sir." Paula quickly eats the pizza, then says to the driver, "I didn't order a pizza-you must have the wrong address." Paul was telling the truth-neither he nor anyone at his house ordered the pizza. Under these facts as given, because Paul did not order the pizza, he is not legally required to pay for it. 10. Peggy has lost her dog, and posts a sign: "$100 reward for the return of my lost dog, Fide." jerry sees the sign, and starts looking for the dog, and finds him. At this point in time (when jerry finds Fido), there is a unilateral contract and Peggy owes him $100