I EXPECT COMPLETE AND QUALITY ANSWERS. DO NOT COPY AND PASTE A SOLUTION THAT IS ALREADY POSTED BY SOMEONE ELSE ON CHEGG. REFRAIN FROM ANSWERING IF YOU CANNOT FULFILL MY DEMAND, AND LEAVE IT FOR SOMEONE WHO CAN ANSWER IT. DON'T WASTE MY QUESTION AS THEY ARE LIMITED.

please have an explanation for each!!! I will upvote

1. Tyquan is a financial aid counsellor at a college. His job requires that he assist students in identifying applicable scholarships and in completing the applications. Emily, age 19, is a student at the college where Tuquan works, and sought his help on a scholarship application. Tyquan agreed to help her if she would pay him $100. She agreed and together they completed the necessary paperwork for the scholarship application. Is Emily contractually obligated to pay Tyquan the $100 fee?

a. Yes she entered a contract requiring her to do so, b. No, there is no consideration for her promise to pay the money. c. No, based on the facts stated, Emily lacks contractual capacity.

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2. Which of the following is true? a. To be enforceable, a contract must be in writing. b. Oral contracts are always enforceable. c. As a general rule, oral contracts are enforceable. Some exceptions exist requiring a writing. d. None of the above answers is true.

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3. At an auction who is the offeror (apply the general rule)? a. The auctioneer. b. The highest bidder.

c. The person who owns the item being sold by the auctioneer.

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4. Latoya is selling her guitar to her best friend. Latoya is willing to sell it to her friend for considerably less than it is worth. True or false: A contract to sell an item at significantly less than it's value is voidable (apply the general rule).

a. True

b. False

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5. True or false, to be valid a contract must be signed by the parties. Therefore a contract is void if it is entered entirely via the internet and contains the parties typed names on the signature line but no actual signature.

a. True

b. False