16 A completed gift promise cannot be rescinded for lack of consideration. t of Select one: uestion O True O FalseThe offeror is the party to whom the offer is made. Select one: O True O FalseA promise based on the past performance of the promisee lacks consideration. Select one: O True O FalseA contract that is based on sexual favors is an immoral contract and void as against public policy. Select one: O True O FalseA counteroffer by the offeree simultaneously terminates the offeror's offer and creates a new offer. Select one: O True O False