• Question 5 1.7 PointsA contract that cannot be enforced because of certain legal defenses against it is a(an): (only one answer is the correct choice) unenforceable contract void contract inhumane contract missing contract Question 6 1.7 PointsWhich of these following statement are true about the One Year Rule? (only one answer is the correct choice) a. Time period starts the day after the contract is formed. b. It must be objectively impossible to perform within one year c. It can occur for employment and club membership type contracts a and b only a, b and c Question 7 1.7 PointsIntention of an offer is determined by what a reasonable person in the offeree's position would conclude that the offeror's words and actions meant. True False
• Question 8 1.7 PointsA contract is set of promises constituting an agreement between parties, giving each a legal duty to the other and the right to seek a remedy for the breach of the promises or duties. True False
• Question 9 1.7 PointsAn executed contract is one that has been fully performed on both sides. True False
• Question 10 1.7 PointsBuyer's Breach occurs only when buyer in a contract does fails to meet all of the required obligations. True False