True or False 1, All contracts must be in writing in order to be enforceable
2, Assuming there is a valid offer and acceptance, a promise to pay a nickel in exchange for a car would serve as consideration
3, Promissory estoppel means that there was a valid contract that the courts will enforce.
4, I'll sell you my car for $10,000 is most likely an example of an offer.
5, You hire an unlicensed plumber to do some handyman work in your house such as hanging pictures and mounting your big screen. Because the plumber is unlicensed, you are not required to pay him
6, The Mailbox Rule says that termination is effective when received
7, Common law has an exception to the battle of forms which allows for acceptance terms to differ from the offer
8, Even if you cannot meet all of the elements of a contract, in special circumstances, courts may still find that there was an enforceable agreement
9. A requirements contract requires the manufacturer to sell all that it produces to the buyer.
10, One person's joke can be deemed a valid offer if it looks like an offer to a reasonable person