Question: If a promise is gratuitous; a. it will never be enforceable b. it will only be enforceable if in writing c. it will be enforceable

If a promise is gratuitous;

a.

it will never be enforceable

b.

it will only be enforceable if in writing

c.

it will be enforceable if made under seal and in writing

d.

it will, nevertheless, be enforceable

Minors;

a.

Generally make their parents responsible for contracts which they negotiate

b.

Can never be bound by contracts that they enter

c.

Are generally bound to contracts which they negotiate

d.

Are not generally bound by contracts which they enter

Consideration;

a.

Must be the same value as the contract

b.

Requires formal legal approval from a judge or arbiter

c.

Need not be adequate to be valid

d.

Requires written evidence of its existence

A contract:

a.

Is not legally binding unless it is in writing

b.

Is an agreement which is enforceable at law

c.

Must meet formal written requirements to be valid

d.

All of the above

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