21) The courts will only enforce certain contracts in writing which are all of the following except a) Prenuptial agreements b) Marriage contracts c) Electronic contracts for sale of goods of $500 or more d) Expressed contracts

22) A minor can enter into any contract an adult can, without any exceptions. a) True b) False

23) Common uses of liquidity damage provisions include all of the following except a) Sale of goods b) Short term loan contracts c) Construction contracts d) Contracts with entertainers and professional athletes

24) An offer must contain definite terms to be valid. a) True b) False

25) An electronic sound, symbol, or process attached to or logically associated with a record and adopted by a person with the intent to sign the record is called a(an). a) e-signature b) contract c) dispute d) advertisement

26) Novation is substitution by agreement of a new contract for the old one, with the old rights terminated. Which of these is not a requirement for novation? a) Possible prior intent for an offer. b) A previous valid obligation. c) An agreement by all of the parties to a new contract. d) The extinguishing of the old obligation. e) A new, valid contract.

27) When a party can be compelled to observe or forced to obey the terms of the contract there enforceability? a) True b) False

28) Duties That Cannot Be Delegated include which of the following: a) When performance depends on the personal skill or talents of the obligor. b) When special trust has been placed in the obligor. c) When performance by a third party will vary materially from that expected by the obligee. d) When the contract expressly prohibits delegation. All of the above

29) Termination of an offer can occur for all of the following situations, except when there is a) Termination actions by parties b) Termination action by an offeree c) Termination operation of law d) Words without actions

30) A contract can be illegal or void under which of the following circumstances (the effects of illegality)? a) When there is justifiable ignorance of facts b) When it involves members of a protected class c) If there is a fraud, duress, and undue influence d) All of the above