1. True or False. David said to Henry, "I will buy your car for $3,000 as soon as I am given a raise at work."This offer, if accepted by Henry would result in a binding contract.
2. True or false. Universal Export Company entered into a contract with the Global Supply Company to purchase every piece of SUV steering wheel Global could produce during the year 2020. After the contract was signed by both parties, Global changed its operation from 40 hours per week to 120 hours per week and tripled the output of steering wheels.Under the existing contract, Global would be able to make this change.