$38.$ The four $(4)$ main elements to a contract are: $(1)$ agreement; $(2)$ capacity to contract; $(3)$ consideration; and $(4)$ lawful purpose. These elements are called "essential" elements because they belong together and as long as there are a majority of the elements, then common law contract law provides that there is still a valid enforceable contract. T F

$39.$ A revocation of an offer sent FedEx on April $1,2022$ and delivered to the offeree's residence or place of business on April $3,2022.$ The offeree has not yet accepted the offer. The revocation of the offer becomes effective on April $1,2017$ in that in the majority of states, a revocation becomes effective when the offeror sends it to the offeree or the offeree's agent. T F

$40.$ Robert says to his son, $"$In consideration of the fact that you are not as wealthy as your brothers, I will pay you $$5,000\mathrm{.}00$ by Friday of next week." There consideration in this transaction especially since Robert used the word "consideration" is his statement and Robert's promise is enforceable as a "bargained$-$for$-$exchange" and since it is between a father and son, contract law does not look for the son to have to do anything to receive the $$5,000\mathrm{.}00$ promised and does not need to give Robert something of legal value in return for the promise of $$5,000\mathrm{.}00.$ T F