Time left 1:01:14 Identify the correct statement concerning contracts. Select one: O a. A voidable contract is one that can be breached without consequences. ob. An illegal contract is nonetheless a binding and enforceable contract. O c. A void contract is one that is not legally binding. Often an essential element is missing thus making the contract void. O d. A contract must be evidenced in writing before it will be a binding agreement. Clear my choice One hot, summer day, Daisy was transporting 100 liters of ice cream across town when her truck broke down just outside of Jane's Grocery Emporium. Daisy ran into the Grocery Emporium and offered to sell the ice cream to Jane, at a reduced price, with the words "Let me know immediately because we need to get the ice cream into proper refrigeration right away". Jane wrote Daisy a note accepting the offer, and dropped it in the mailbox just outside the store. Which of the following MOST ACCURATELY describes the legal situation? Select one: Select one: O a There is a contract between Daisy and Jane. The contract was formed when Jane mailed the acceptance. O b. There is a contract between Daisy and Jane, but only if Daisy had not sold the ice cream to someone else in the meantime. O c. There is no contract between Daisy and Jane. An agreement in writing and signed by both parties) would have been necessary to create a valid contract. Od. There is no contract between Daisy and Jane. The manner of acceptance would likely have been inappropriate in these circumstances. Business interruption insurance is designed to cover which of the following situations? Select one: O a. A person is an employee at a restaurant business and gets ill. The insurance coverage pays him a sum to replace his wages while he is off from work. Ob. A person has a partner in his restaurant business and that partner catches a disease and dies. The insurance provides for coverage of the death of the partner