Which of the Following Is False with Regard to Contract

question 26

Multiple Choice

Which of the following is false with regard to contract law?

• A) An exchange of promises can be consideration adequate to form a contract.
• B) To form a contract, there must be an offer that is accepted unconditionally.
• C) A contract for a $50,000 boat does not have to be evidenced in writing to be a valid contract.
• D) A contract is unenforceable if it is required to be evidenced in writing under the Statute of Frauds and is not.
• E) The parties to a contract can always go to court and have the court declare a contract void if the consideration is not adequate (i.e. fair), even if there is no evidence of fraud, duress, undue influence, or mental incapacity.

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Definitions:

Procedural Memory

A type of long-term memory that involves the unconscious recall of how to perform tasks or skills such as riding a bike or playing a musical instrument.

Semantic

Relating to meaning in language or logic.

Episodic

Relating to or consisting of distinct parts or events, often used to describe types of memory or experiences.

Seattle Longitudinal Study

A specific long-term study that focused on adult cognitive development, tracking changes and stability in intelligence over time.