1. Which of the following statements is/are true:
1. In a bilateral contract, the promisor anticipates a return promise
2. In a unilateral contract, the promisor anticipates performance
3. A reward offer is an offer for a unilateral contract
4. All of the above are true

2. Another lawn guy comes to your house and mows your lawn. But this time you aren’t home. He can collect on his fee on the basis of
1. quasi contract
2. implied-in-fact contract
3. unilateral contract
4. none of the above; there is no contract

3. A contract with a minor is
1. void
2. voidable
3. both of the above
4. neither of the above; contracts with minors are enforceable

4. The elements necessary to have a valid offer are
1. intention
2. definiteness
3. communication
4. all of the above

5. An offer can terminate in the following ways
1. by action of the offeror or offeree
2. by operation of law
3. either of the above can terminate an offer
4. none of the above; only the offeror can terminates the offer

6. The principle of promissory estoppel prohibits the withdrawal of an offer
1. where there is detrimental reliance on the part of the offeree
2. in a unilateral contract, where offeree has begun performance
3. both of the above
4. neither of the above; estoppel does not affect offers

7. Which of the following is/are true?
1. the mirror image rule allows the offeree to make changes in the offer and still bind the offeror to his/her offer
2. silence can never be considered acceptance of an offer
3. an offer for a bilateral contract does not anticipate communication of acceptance from the offeree
4. an offer for a unilateral contract does not anticipate communication of acceptance from the offeree

8. John’s uncle promises John, age 17, that if he refrains from drinking or smoking until he’s 21, he’ll be paid $10,000. John does so, but his uncle refuses to pay. If John sues, he will most likely
1. win because all the elements of a contract are present
2. win because he provided consideration
3. lose because he did not provide consideration
4. lose because minors’ contracts are voidable

9. A defense of inadequate consideration in a suit on a contract
1. conflicts with the principle of freedom of contract
2. may be an indicator of fraud, duress, or other problem
3. may be an indicator of unconscionability if the consideration is grossly inadequate

10. You purchase a brand new freezer with a warranty and buy a side of beef to fill it up. A week later you discover the freezer isn’t working and your beef is rotten. If you sue the seller, you are likely to receive the following (check all that apply)
1. compensatory damages
2. consequential damages
3. punitive damages
4. rescission and restitution
5. specific performance