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TF 21. If a minor is considered "emancipated" then he or she assumes many of the right and obligations of a person of legal age, the legal significance of which is that the minor is no longer protected in contract law by the rules as it pertains to minors. TF 22. If a person makes a contract while intoxicated by alcohol or drug use, he/she must be found to be significantly/substantially cognitively impaired by that intoxication so as to be unable to understand the nature and effect of having entered a contract, TF 23. The legal significance of a contract being a bilateral contract is that contract law considers the contract created/formed when the return promise is made in the acceptance which means the law considers the parties to such a contract to be legally bound/committed to each other. 24. Written contracts must be handwritten in pen or computer generated in order to be enforceable T F F 25. To be legally enforceable all contracts must be in writing. TF 26. The "mirror-image" rule of contract law states that the terms of an acceptance of an offer must be in the same terms as the offer and that if there are any differences between the offer and the acceptance" /response, then the "acceptance" /response is a considered an immediate rejection of the initial offer, thereby becoming a counter-offer. 27. Revocation of an offer is the calling back/withdrawing of the offer by the offeror and can be done at any time even if the offer is accepted by the offeree TF