Multiple Choice
Which of the following is true with regard to contract law?
A) An exchange of promises is not adequate consideration to form a contract.
B) A contract for a $50 000 boat must be evidenced in writing to be a valid contract.
C) To form a contract,there must be an offer that is accepted unconditionally.
D) 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) .
E) A contract is void if it is required to be evidenced in writing under the Statute of Frauds,and is not.
Correct Answer:

Verified
Correct Answer:
Verified
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