A person under age 18, can enter into a contract if they have the means to complete the contract. True False A corporation or other business entity must be in good standing (paid taxes and done necessary filings) to have capacity to enter into a contract. True False Chose all of the following types of contracts that must be in writing and signed by the defendant to be enforceable: Sale of Goods over $500.00 Contracts that can not be performed by the terms of the contract within one year of the date of the agreement. promise to pay debt of another interest in land The mirror image rule in an acceptance applies to all contracts under the UCC. True False In a common law contract, you can make minor modifications to the offer and it is a valid acceptance. True False Choose all of the elements of a contract: consideration acceptance Be in writing offer Parties may enter into a contract for any agreement providing the subject matter of the agreement is legal and the agreement will be enforceable. True False