Some promises are not legally binding

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Reference no: EM13180327

True or False

1. Some promises are not legally binding. 

2. The intention to enter into a contract is judged by outward, objective facts as interpreted by a reasonable person. 

3. The only requirement of a valid contract is that it be voluntarily entered into. 

4. "Consideration" refers to the voluntary consent of all of the parties to a contract. 

5. The doctrine of quasi contract can be used only when there is an actual contract that covers the matter in c controversy. 

6. An agreement is evidenced by a single event: an offer. 

7. An expression of opinion-"your customers will like this"-is an offer. 

8. A counteroffer does not terminate but continues an offer. 

9. Under the mailbox rule, an acceptance takes effect at the time it is sent. 

10. An e-record is considered received under the UETA only if a person is aware of its receipt.

Reference no: EM13180327

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