True or False

36. Janet advertises a reward for the return of her lost cat. Juan, not knowing of the reward, finds the cat and returns is to Janet. Usually, Juan cannot recover the reward because to accept an offer, the offeree must have knowledge of the reward when he acted. Answer #36:

37. Maria says to Bill, I will sell you my phone for $700. Bill immediately says, No, I dont want that piece of junk. A couple of seconds later and before Maria says anything, Bill says, On second thought, I will accept your offer to buy your phone for $700. Maria, not happy about Bills first response, says, Well because of your attitude, Im not going to sell it to you now. Bill believes that he has accepted a valid offer and sues Maria for breach of contract to compel her to sell him the phone. In most cases, based on these facts, Bill wins this case. Answer #37:

38. When both parties to a contract are mistaken about the same material fact, the contract can be rescinded by either party. Answer #38:

39. A contract entered into as a result of excessive or undue influence lacks voluntary consent and is therefore void. Answer #39:

40. Generally, the transfer of contractual rights to a third party is known as a delegation and the transfer of contractual duties to a third party is known as an assignment. Answer #40: