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Which of the Following Is False with Regard to Contract

Question 74

Multiple Choice

Which of the following is false with regard to contract law?


A) An exchange of promises can be consideration adequate to form a contract.
B) To form a contract, there must be an offer that is accepted unconditionally.
C) A contract for a $50,000 boat does not have to be evidenced in writing to be a valid contract.
D) A contract is unenforceable if it is required to be evidenced in writing under the Statute of Frauds and is not.
E) The parties to a contract can always go to court and have the court declare a contract void if the consideration is not adequate (i.e. fair) , even if there is no evidence of fraud, duress, undue influence, or mental incapacity.

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