Question 1(1 point)

All agreements between two competent parties are contracts.

True/False

Question 2(1 point)

Written contracts must be handwritten to be legally enforceable.

True/False

Question 3(1 point)

Implied contracts are those dealing only with personal transactions.

True/False

Question 4(1 point)

Entire contracts are those composed of several related parts.

True/False

Question 5(1 point)

To be legally enforceable, contracts must be in writing.

True/False

Question 6(1 point)

Contracts do not need to be stated in legal language.:

True/False

Question 7(1 point)

Implied contracts are neither oral nor written.

True/False

Question 8(1 point)

The terms of express contracts are specifically stated.

True/False

Question 9(1 point)

A contract is considered executed as soon as all parties have performed all parts of it.

True/False

Question 10(1 point)

In a contract between a minor and an adult, the adult must perform his or her part of the agreement unless or until the minor decides to withdraw.

True/False