Which element of contract requires that the contract not e either illegal or against public policy? a. Legal object b. Agreement c. Consideration d. Ethical litmus test QUESTION 12 All falls under the domain of a valid Consideration except: a. A detriment to the promise b. A promise to refrain from doing something c. Illusory promise d. A benefit to the promisor QUESTION 13 Can $1.00 be adequate consideration? a. No b. None of the above c. Courts do not consider adequacy of consideration O d. Yes QUESTION 14 The principle which holds that an acceptance is valid when it is mailed, whereas, revocation is effective only when received by the offeree: O a. Mailbox Rule b. Mailman Rule c. Milkman Rule d. Mail-Order Rule