Solved

Which of the Following Is True with Regard to Contract

Question 109

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions