1-

Indicate the correct statement about consideration.

Select one:

a. In a bilateral contract, the exchange of promises does not provide consideration for both parties.

b. In a unilateral contract, the performance of the promisee provides no consideration to the promisor.

c. Consideration is "the price for which the promise (or the act) of the other is bought."

d. An altered course of action, e.g., forbearance, is not good consideration.

e. The common law holds that consideration must be adequate to insure that contracts are fair bargains.

2-

"Quantum meruit" means

Select one:

a. "as much as deserved."

b. "a shield but not a sword."

c. "to stand on decision."

d. "a meeting of the minds."

e. "the ultimate freedom to contract."