QUESTION $5$

Blake has subscribed to a local charitable association where he needs to make a monthly payment of $$100.$ However, a few months later, Blake stops paying this amount. Which of the following exceptions to the requirement of consideration will enforce that Blake pays the amount?

Composition of creditors

Voluntary subscriptions

Forbearance to cancel monthly subscriptions

Modification of sales contracts

QUESTION $6$

Mary contracts to sell Rachel her violin for $$10,000,$ based on an appraisal of the instrument. Their contract provides that even if the appralsal is later found to be mistaken, the sale price will not be altered. One month after the sale, Rachel learns that the violin is only worth $$5000.$ Which of the following is true:

Because the contract specified what would happen in the case of a mistake, the sale price will not be altered.

Mary must refund Rachel $$5000,$ because the appraisal was mistaken.

The contract is unenforceable, because the appraisal was mistaken.

The contract is void, because the sale is fraudulent.