1. Rosa questions whether there is consideration for her contract to perform with Saxophone Symphony. To constitute consideration, there must be

	a.	serious thought underlying each partys intent to contract.
	b.	a performance.
	c.	a payment.
	d.	a bargained-for exchange.

2. On May 1, Ralph mails Jiao an offer to cure and smoke Jiaos pork for $150 before the end of the week. Jiao receives this on May 2. On May 3 Ralph mails Jiao a letter revoking the offer. Jiao receives the revocation on May 5. Ralphs revocation of the offer became effective on

	a.	May 6.
	b.	May 3.
	c.	May 5.
	d.	May 1.

3. Martina, a minor, inherits the rights to several patents. To make use of this property, Martina petitions a court to be treated as an adult for business purposes. If the court grants the request, Martina loses the right to

	a.	ratify business contracts.
	b.	engage in business contracts.
	c.	negotiate business contracts.
	d.	disaffirm business contracts.