QUESTIONS: 1. A properly formed contract is until all parties have performed their obligations. 2. is the bargain element of a contract. 3. An offer that can be accepted by another party's performance is the basis for a contract. 4. Promissory ____ may be a basis for a claim of damages if the promisor had reason to believe that the promisee would rely on a promise and did so to his or her detriment. 5. A contract in which all the terms are stated and agreed by the parties is an contract. 6. The common law mirror image rule has been relaxed in commerce under the Uniform Code. 7. When the parties have all fully performed their obligations under a contract, it is said to be 8. A contract that includes promises by both parties is a contract. 9. When all of the terms of a bargain have not been expressly agreed by the parties, an contract may exist between them. 10. If a buyer obtains property or goods from a person who lacks legal capacity to enter into a contract, then the buyer's title is 11. Under the UCC, every contract for the sale of goods includes an implied of merchantability. ANSWER CHOICES: BILATERAL COMMERCIAL CONSIDERATION ESTOPPEL EXECUTED EXECUTORY EXPRESS IMPLIED UNILATERAL VOIDABLE WARRANTY