Question: answer asap please T F 28. The problem with unilateral contracts is that they are not considered accepted until the performance or substantial performance requested
T F 28. The problem with unilateral contracts is that they are not considered accepted until the performance or substantial performance requested in return to the promise is rendered which has the legal significance of leaving both parties, (but usually the buyer in a contract transaction) in a potential tenuous position of having the either party capable of back out of the transaction without any legal liability to the other party. 29. As to consideration of a contract, courts (as has been the traditional approach) do not look into the adequacy or sufficiency of the consideration supporting the transaction if there are not circumstances of fraud, duress, undue influence, mistake, etc. TF TF 30. A gratuitous promise is a gift and is enforceable in a court of law because they are considered to have moral consideration even though someone makes a promise without requiring some benefit in return. 31. Upon reaching the age of majority, contract law provides that a minor must ratify an earlier contract entered into while a minor - in writing and no later than 6 months after reaching the age of majority TF
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