Some promises are not legally binding

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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