A. Determine whether each statement is true or false and give a short explanation why is it true/false.

1.Unenforceable contracts are invalid by its very nature, hence, no rights can be acquired from an Unenforceable contract.

2.A contract to which one of the parties are incapable of giving consent is an unenforceable contract.

3.Under the Statute of Frauds, all contracts need not be in writing.

4.An unenforceable contract becomes a valid contract only after the lapse of four years from the date of its execution.

5.In an Unenforceable Contract, one party is guilty of fraud because of statute of fraud.

B. Give your own personal example of enforceable contracts. Also, research when is a person incapable of giving valid consent.