True or False for all? 1. A contract is an implied contract if there is written or oral expression of the parties to enter into a binding agreement.

2. An offer is a promise to do something or to refrain from doing a specific thing.

3. Acceptance is a person's expression of assent or agreement to the terms of the Offer.

4. Consideration is the element of a contract that keeps the contract from being viewed as a gift.

5. Generally, a minor can enter into a legally binding contract.

6. An exculpatory agreement releases a party from the consequences brought upon by wrongful acts or negligence.

7. A person who "agrees" to a contract due to fraud, misrepresentation, duress, or undue influence does not have the right to negate the contract because there was no genuine consent.

8. Contracts always have to be in writing to be enforceable.

9. The Parol Evidence Rule restricts the use of oral statements in a Lawsuit, when the evidence is contrary to the terms of the written Contract at issue.

10. Specific Performance is equitable remedy in which the Court issues an Order requiring the Party who created the Wrong to perform the obligations promised in the Contract. T

hank you again so much in advance.