Question 1 A valid offer: O A Cannot be revoked by the offeror. B. Contains all the material terms of the proposed agreement. c. Always contains the proposed contract sum. OD. Always specifies the time period of offer. Question 2 The legal doctrine of promissory estoppel states that: O A One with a legal obligation to perform an act cannot claim performing that act causes a legal detriment another B. Courts consider the fairness of the amount of consideration each party can claim in a dispute. c. A promise binds the promisor if injustice can be avoided only by enforcement of the promise. D. Lack of reasonable certainty of agreed terms will result in the plaintiff not recovering because there no valid contract. Question 3 A common defect in contract formation is: A Uncertainty as to the terms of the contract, B. Lack of notarized signatures. c. Lack of witnesses to signatures, D. That the contract was formed by citizens of different states. Question 4 The parole evidence rule provides that if a written agreement contains an integration clause: OA. A notarized signature is not necessary to have the written agreement be valid. B. Prior or contemporary oral agreements are not admissible to assert terms that are not included in the written agreement. c. An apparent agent of a party can sign the written agreement. Neither party can recover attorneys' fees in the event of a dispute. Question 5 Contract modifications require: O A Advice of an attorney prior to executing, OB. That the modifications be fair to all parties. c. Mutual assent, and if the original contract was written, the modification must be written The signature of the party who is initiating the change O D Question 6 The unconscionability doctrine of contract interpretation allows a judge to: A Refuse to enforce terms of contracts that "shock the judge" or are unfair or one-sided. B. Sentence the party offering the term or contract to a prison term. c. Sanction (fine) the party offering such a term. D. Discipline the attorney who drafted such a term. Question 7 What is consideration