Basic business law true or false questions

True/False Indicate whether the sentence or statement is true or false. 1) Damages in contract law are designed to compensate a non-breaching party for the loss of the bargain. The measure of damages for breach of a construction contract is affected by which party breaches and when. A contract only requires an offer and an acceptance. An express contract must be in writing. 5) It is not necessary for a contract to contain reasonably definite terms to be enforced. A promise to pay for an act performed in the past is enforceable in court. A contract involving an interest in land must be in writing to be enforceable. Consequential damages are awarded for whatever injury a non-breaching party suffers, whether or not the breaching party could anticipate the injury. 9) Advertisements are treated as offers to contract. 10) The general rule is revocation is effective when the offeree receives it. 11) Under the mirror image rule," an offeree's acceptance must adhere exactly to the offeror's offer to create a contract. 12) A promise to do something that one has a prior legal duty to do cannot be consideration. 13) The doctrine of implied in law contracts requires a clear and definite promise but not one that can be enforced as a written contract later. 14) When both parties are mistaken as to the same material fact, usually the contract can be avoided and will not be enforced. 15) Examples of contracts in which the stronger party dictates terms very favorable to that party and unfavorable to the other are adhesion contracts, which are rarely enforceable. 16) A contract that by its own terms cannot be performed within a year must be in writing to be enforceable. 17) Recovery under promissory estoppel may be used when one party partially performs under a contract that is itself unenforceable