Question 5 3 pts Acontract may be formed when two or more parties each promise to perform or refrain from performing some act now or in the future. True False Question 6 3 pts If Linda is adjudicated incompetent by a court but later purchases a new home and car and an assortment of clothes and jewelry, then the contract relating to the car purchase is unenforceable because persons declared to be mentally incompetent are not permitted to drive cars. the contracts are binding and enforceable. the contracts are void the contracts are voidable. the contracts are binding and enforceable only to the extent that they relate to necessaries. Question 7 3 pts A rejection of an offer by an offeree wil not necessarily terminate an offer. True False Question 8 3 pts If Betty visits a grocery store in which she maintains an open account holds up an apple so that the clerk can see it, acknowledges the clerk's nod, and pockets the apple knowing that she will be billed for the cost of the apple at the end of the month, Betty will have formed an implied contract. a unilateral contract. a quasi contract a bilateral contract. a voidable contract