1. An illusory promise is: a.) executory b.) not consideration c.) satisfaction d.) a valid offer
2. Past consideration is a.) an essential contract element b.) binding on the offeror c.) an illusory promise d.) not binding
3. Adequacy of consideration is: a.) presumed b.) not presumed c.) without legal merit d.) none of these
4. Legal capacity is: a.) presumed b.) arguable c.) obtained at age 18 d.) all of these
5. The burden of proof in a contract action is: a.) beyond a reasonable doubt b.) preponderance of the evidence c.) convincing evidence d.) determined by the judge