True or False:

1. If both parties to an illegal agreement are in pari delicto , neither party can successfully sue the other to seek enforcement of the agreement.

2. Public policy is a court's idea of what is right and wrong.

3.Even though unlicensed, an individual may collect for any services performed.

4. If a person unknowingly deals with an unlicensed individual, the courts will usually allow the person to recover any money paid to the unlicensed individual.

5. A casual gambler is one who is a gambler by profession.

6.Charging a rate of interest higher than that allowed by state law is usury.

7. Sunday laws govern the types of transactions that can be performed on Sunday.

8. Exculpatory clauses relieve a party in advance for liability for the tort of negligence.

9. A public garage's disclaimer of liability for a car lost or stolen because of the garage owner's negligence is likely to be unenforceable.

10.An agreement to pay a bribe to a public official is illegal.

11. The Statute of Frauds eliminates the other necessary elements needed to form a contract. F

12. All states have a law that requires certain contracts to be in writing.

13. A contract for the sale of $400 worth of merchandisemust be in writing. F

14. The Statute of Frauds applies only to executory contracts.

15.The Statute of Frauds does not apply to agreements in which one person assumes primary responsibility for the payment of a debt.

16.An executor or administrator is one who handles a deceased person's estate.

17.An executor's written promise to pay a deceased person's debts out of personal funds is valid.

18.A lease for one year must be in writing.

19.If a contract can be carried out within one year, it need not be in writing.

20.The evidence needed to satisfy the Statute of Frauds may be an informal memorandum.