QUESTION 7 A minor may enter into a contract that can be binding on an adult although the minor does not have the capacity to enter into the contract True False QUESTION 8 A counteroffer will only terminate an offer if the offeree is of sound mind. True False QUESTION 9 An executory contract is one that all the parties have fulfilled their obligations. True False QUESTION 10 Only the offeree in a negotiation would have to give consideration to create a contract. True False QUESTION 11 Express contracts must be in writing. True False QUESTION 12 Promissory estoppel may be used to enforce a promise even if the plaintiff did not rely on the defendant's promise, and the defendant made a promise knowing that the plaintiff would rely on the promise. True False