1. A lawsuit may be based on: a.) a contract b.) a tort c.) defamation d.) all of these
2. The most important factor in a contract relationship is: a.) the intent of the parties b.) consideration between the parties c.) legal capacity of the parties d.) none of these
3. All of the following are necessary elements of a valid offer except: a.) serious intent b.) definite terms c.) communication d.) form of the offer
4. A unilateral contract involves: a.) a promise for a promise b.) a promise for an act c.) a promise for a benefit d.) a promise for an acceptance
5. Promissory estoppel contains all of the following elements except: a.) a promise b.) reliance c.) accord and satisfaction d.) injustice