3 1 point An accord and its satisfaction do not discharge an...

3 1 point An accord and its satisfaction do not discharge an original contractual obligation. False True 4 1 point Any contract can be discharged by agreement of the parties. False True 5 1 point Only a mistake of fact makes a contract enforceable. involuntary. voluntary. voidable.

Transcript

00:02 Here we're going to determine whether or not the various statements are true or false.

00:08 A gift, including gifts of love and affection, does not generally constitute valid consideration to support a contract.

00:14 This statement is true.

00:16 Love and affection alone is not able to support a contract between anyone.

00:20 It requires a payment to show support, and love and affection do not count as payment.

00:25 Payment ensures that the worker will work with enthusiasm and payment satisfied the contracts more than emotions do.

00:36 A unilateral contract is one that is typically made in a general way to an identifiable group of persons and invites an acceptance by the performance of a specified act or acts.

00:47 This statement is true.

00:48 Unilateral contracts requires known relationship between two people, which strengthens the contract.

00:54 Chances are possible that an unknown person may get worked on and won't pay the money.

01:01 The doctrines of promissory estoppel and unjust enrichment allow a court to provide the reasonable value of goods or services where the party who received the goods or services did so in the absence of a legally binding contract and the interest of justice requires such an outcome.

01:17 This statement is false.

01:21 In general, the common law governs contracts for the sale of services, including professional services, and real estate interests while the uniform commercial code governs merchant contracts for the sale of goods.

01:33 This statement is false.

01:37 All legal and forcible contracts, for the transfer of interests in real estate are required to be in writing and formally signed by the parties pursuant to the statute of frauds...

Question

3 1 point An accord and its satisfaction do not discharge an original contractual obligation. False True 4 1 point Any contract can be discharged by agreement of the parties. False True 5 1 point Only a mistake of fact makes a contract enforceable. involuntary. voluntary. voidable.

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