TRUE - FALSE QUESTIONS A IS TRUE AND BIS PALSE. 41) A quasi-contract always meets the requirements of an expressed contrac 42) The surrender of a right against a third person by the promisee can constitute consideration for a promise by the promisor. 43) When the parties deal face to face, & contract is always affected by t fact that one party is mistaken as to the identity of the other. 44) Consideration is what the promisor has requested and received in exchange for his promise. 45) A valid contract is always performed by the parties. 46) In the absence of prior dealings between the parties, silence may be regarded as an acceptance of an offer. 47) The writing required by the statute of frauds may consist of several letters. 48) When a contract does not specify the time for performance of a contractual obligation, parol evidence is admissible to show that the tine should be three months. *** Questions 49 through 56 are based upon the following fact pattern: Mick entered into a written contract on January 25, 2009, wherein he promised to sell Elvis his 1999 Rolls Royce for $96,000. Mick promised to deliver the car on May 15, 2009 and Elvis promised to pay $96,000 on June 30, 2009. 49) There is no consideration in place on June 29, 2009. 50) There is no consideration in place on January 25, 2009. 51) The only consideration on May 15, 2009 was the promise to pay $96,000. 52) On July 1, 2009, the two considerations in place after the contract is executed are the promise to deliver the car on May 15, 2009 and the promise to pay $96,000 on June 30, 2009. 53) On May 15, 2009, one consideration is a promise to pay $96,000 on June 30, 2009 by Elvis and the other is the actual delivery of the car. 54) On January 25, 2009, the three considerations are the promise to deliver the car, the $96,000, and the promise not to breach the contrac 55) Consideration is usually necessary in order for there to be a valid contract. 56) On May 15, 2009, the considerations are the promise to deliver the car in June and the $96,000 already paid. 57) When an offer for a unilateral contract is made, there is no consideration. 58) A unilateral contract may have two promises exchanged between the parti TRUE - FALSE QUESTIONS A IS TRUE AND BIS PALSE. 41) A quasi-contract always meets the requirements of an expressed contrac 42) The surrender of a right against a third person by the promisee can constitute consideration for a promise by the promisor. 43) When the parties deal face to face, & contract is always affected by t fact that one party is mistaken as to the identity of the other. 44) Consideration is what the promisor has requested and received in exchange for his promise. 45) A valid contract is always performed by the parties. 46) In the absence of prior dealings between the parties, silence may be regarded as an acceptance of an offer. 47) The writing required by the statute of frauds may consist of several letters. 48) When a contract does not specify the time for performance of a contractual obligation, parol evidence is admissible to show that the tine should be three months. *** Questions 49 through 56 are based upon the following fact pattern: Mick entered into a written contract on January 25, 2009, wherein he promised to sell Elvis his 1999 Rolls Royce for $96,000. Mick promised to deliver the car on May 15, 2009 and Elvis promised to pay $96,000 on June 30, 2009. 49) There is no consideration in place on June 29, 2009. 50) There is no consideration in place on January 25, 2009. 51) The only consideration on May 15, 2009 was the promise to pay $96,000. 52) On July 1, 2009, the two considerations in place after the contract is executed are the promise to deliver the car on May 15, 2009 and the promise to pay $96,000 on June 30, 2009. 53) On May 15, 2009, one consideration is a promise to pay $96,000 on June 30, 2009 by Elvis and the other is the actual delivery of the car. 54) On January 25, 2009, the three considerations are the promise to deliver the car, the $96,000, and the promise not to breach the contrac 55) Consideration is usually necessary in order for there to be a valid contract. 56) On May 15, 2009, the considerations are the promise to deliver the car in June and the $96,000 already paid. 57) When an offer for a unilateral contract is made, there is no consideration. 58) A unilateral contract may have two promises exchanged between the parti