10. Disafitimmance is the legal avoidance of a contractual obligation A counter

Question

10. Disafitimmance is the legal avoidance of a contractual obligation A counter offer does not terminate but continues an offer 12 To be enforceable, a contract writing for the sale of goods priced at $499 must be in lefenuwictim of an auzo cident who agrees not to file a law suit against the defendans's insurance is an example of forbearance ing parties intent is vague, a court will supply a "reasonable term". 15. Inadequate consideration may indicate fraud, dures, or undue influence. 16. All promises must be in writing to be enforceable. 17. Under the mail box rule, acceptance is valid as soon as it is sent. 18. Performance can constitute the consideration that creat es a contractual obligation 19 Playing the lottery is an example of a bilateral contract. 20. All offers can be revoked any time before performance is complete. 21. A quasi contract is not a real contract, but a legal fiction. MULTIPLE CHOICE: Select the Best Choice. 22. Zoe, a sixteen year old minor buys a car. After reaching the age of majority, Zoe continues to maintain and operate the car. With regards to Zoe's contract a court would likely hold that Zoe has: a. disaffirmed it.

Explanation / Answer

ANSWERS

10.True(T)

11.False(F)

12.False(F)

13.True(T)

14.False(F)

15.True(T)

16.False(F)

17.True(T)

18.True(T)

19.False(F)

20.False(F)

21.True(T)

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