Question

NAME True TRUE OR FALSE (2 Points Each) . In order to be legally valid, a contract must be in writing 2. A valid contract is one that meets all of the requirements of a enforceable contract. 3. An implied contract is formed by conduct nel 7 . 4. On June 1, a civic club made an offer to pay a beer distributor to have ten kegs delivered to the city park for a July 4th fundraising event. On June 10, the city passed a new law prohibiting consumption of alcohol in the city park. The civic club's offer is terminated on June 10 5. The contracts with a person to commit a crime are void, 6. On Tuesday morning John sends a letter to Arlene rejecting her offer, but later the same day John changes his mind and sends a letter of acceptance to Arlene. The letter of acceptance will be effective only if it is received by Arlene before she receives the rejection 7. The common law "mirror image rule applies to an offer and the acceptance of that offer in a contract for the sale of goods. 8. An advertisement is an "offer" for the purposes of contract. 9. A party who tries to accept an offer that is not directed at them is making an offer 10. Silence is an effective means of acceptance when the offeror indicates that it is 11. A gratuitous promise is a promise made without consideration 12. The performance of a pre-existing contractual duty which is neither doubtful nor the subject of an honest dispute is legally sufficient consideration to support a second contract. 13. Promissory estoppel is rooted in the concept of avoiding unjust enrichment. 14. Past consideration is recognized by the courts when promises are made regarding future raises. 15. An accord and satisfaction settlement agreement is used in a voluntary settlement of claims. 16. General common law contract law governs contracts outside the scope of Article 2 of the UCC 17. The Uniform Commercial Code applies only to sales of goods by manufacturing firms who ship goods to buyers interstate.

Business Law Questions I need help on, not sure if the first few are correct or not.

It is more of a Business Law Questions

These questions are either true or false.

Answer 1

NOTE

As such here I suppose to do the first four questions (sub-parts) still I will try to cover as more questions as possible. With giving reason for all false and some trues wherever it is required.

1. False Contract can be oral or written both

2.True.

3. True

4. True because as the act becomes impossible the contract become void.

5.True all the illegal contract are void.

6. True

7. False sale of goods is covered under UCC

8. FALSE An advertisement is invitation to offer.

9. True.

10. False the offer can not have condition that the silence will consider as acceptance.

11. TRUE.

12. True

I hope my efforts will be fruitful to you.....?