True or False

12.T / FThe following is an example of a counteroffer:Baker offers to paint Donna's house for $2,300 with specified color and brand of paint, with the work to start and be completed on specified dates.Donna states that she accepts the offer and agrees to each of the terms stated in the offer.

13.T / FAn illusory promise is not good consideration because the promisor is not giving up anything in order to get the return promise from the other party.

14.T / FThe following is an example of a merchant's firm offer:D, the vice-president for sales of Acme Inc., a golf ball manufacturer, sent a written offer to Bay City Golf Courses, Inc. to sell 1000 dozen of Acme's golf balls to Bay City for a specified price with the offer toremain open for 14 days from the date Bay City received the offer.D signed the offer as Acme's V.P.

15.T / FThe offer in the following facts was terminated before it was accepted:D offers to buy C's property in the foothills outside of Fresno, California.The offer is in writing and states that C has 14 days to accept.On the 10^th day, D is in an automobile accident and dies as a result on the following day.

16.T / FTwo months ago, A found B's dog wandering around the neighborhood and returned it to B.At the time B had not been aware that the dog had escaped from B's backyard. B now tells A that he is very grateful and promises to pay A $50.B's promise is not enforceable.

17.T / FConsideration is the result of a bargained-for exchange between the parties which means that each party must give up something having legal value in order to obtain something that has legal value from the other party.