Choose the most correct answer

1. A counteroffer

A) kills the offer

B) becomes a new offer

C) both "A" and "B"

D) is simply bargaining

2. Threatening someone with economic ruin or to destroy their reputation unless they agree to the terms of a contract, is a form of

A) negotiation

B) grounds for breach

C) fraud

D) duress

3. The first question to ask regarding whether or not a contract was formed is

A) did the parties intend to enter into a contract

B) is the subject matter of the contract illegal

C) are there clear and certain terms

D) who are the parties to the contract.

4. If you have a flaw in the formation phase of a contract

A) the contract is illegal

B) there is no contract

C) you can avoid being found in breach

D) both "B" and "C"