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raw (Bo... Design Layout References Mailings Review View Tell me 22 A. EE21 ab XX ADA Arbeide Aanbede AaBbCcDd Ali Normal Tito No Spacing Heading 15) What is the key difference between a bilateral and a unilateral contract? a) The existence of promissory estoppel in bilateral contracts only. b) The type of consideration. c) The adequacy of consideration. d) Only unilateral contracts require consideration. e) Only bilateral contracts require consideration. 16) Why is there no consideration when a party does what it is already legally obligated to do? a) Because of the legal doctrine of promissory estoppel. b) Because promising to do something you are obligated to do is an illusory promise. c) Because there is no detriment. d) Because there will not be adequate consideration. 17) Shasta offers to sell a used hay baler to Roberto, but receives a letter of acceptance from Quito, who has no relation to Roberto. A valid contract exists between a) Shasta and Roberto b) Shasta and Quito. c) Roberto and Quito. d) None of the choices. 18) Which of the following is an exception to the rule requiring consideration? a) Past consideration b) Promissory Estoppel. c) Quasi estoppel. d) Quasi agreement. e) Promissory performance TIT Draw Design Layout References Mailings Review View Tell me 12 Albcode ARC DE Asbeelde AaRbCcDd Aalbo Calibri (Bc. - A K Aa A E 21 BIU ab X X AO A 19) Which of the following is true of void and voldable contracts: a) Either party can terminate the contract at any time. Non Title No Spacing b) Both contracts are illegal. c) A void contract is not a contract at all; a voidable contract can be terminated by one party d) Both the terms void and voidable refer to contracts where there is an illegal object. IF 20) In the context of contract law, 'consideration' is defined as: a) The price paid by each party for the other party's promise or performance b) The monetary value of the contract. c) A sum paid by one party for the other party's offer. d) The act of considering the terms of a contract before agreeing to them. 21) Henry promises not to open his restaurant before 10:00 a.m., if Suzy, who owns a bakery next door to him, promises to close her bakery by 4:00 pm Henry's consideration is: a) The destruction of a legal relationship. b) The creation of a legal relationship c) A forbearance d) An exchange of money English (United States 136 words