Question: 7. Explain the various rules that determine when an acceptance takes effect. 8. Discuss undue influence and identify some of the situations giving rise to

effect. 8. Discuss undue influence and identify some of the situations giving

7. Explain the various rules that determine when an acceptance takes effect. 8. Discuss undue influence and identify some of the situations giving rise to a confidential relationship 9. Discuss illusory promises, output contracts, requirements contracts. 10. Identify and discuss those contracts that are enforceable even though they are not supported by consideration. 11. Identify and distinguish between the two types of licensing statutes. 12. Define a necessary and explain how it affects the contracts of a minor

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