Section I. TRUE or FALSE QUESTIONS.

1. _______. The requirement of legality for a legally-enforceable contract is generally met with regard to agreements entered into by businesses that are not properly licensed.

2. _______. If a party is unjustly enriched by receiving the services of another without a contract, the party performing the services may be granted the remedy of quantum meruit, or the reasonable value of the services provided, in accordance with the doctrines of unjust enrichment or promissory estoppel.

3. _______. The remedy of specific performance is an equitable contract remedy that permits a Court to order a breaching party to provide what was promised under the contract, provided that the subject matter of a contract is unique and no other remedy would suffice.

4. _______. Clear and convincing evidence of the parties intent is required in order to successfully invoke legal fraud.

5. _______. Punitive damages are generally not available in breach of contract cases under common law but are permissible in such cases when authorized by particular statutes.