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An offer may be made only to a specific person. A) True B) False 7. A voidable contract is one that is otherwise valid but may be rejected or set...

The death or disability of a party to a contract discharges the contract when:
A) the obligation requires personal skill.
B) a payment of money is involved.
C) a house is to be painted.
D) none of the above.
6. An offer may be made only to a specific person. A) True B) False 7. A voidable contract is one that is otherwise valid but may be rejected or set aside by one of the parties. A) True B) False 8. An agreement that contemplates the performance of an act prohibited by law usually is void. A) True B) False 9. An executory contract has been entered into but not yet fully performed.
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A) True B) False 10. When a contract is fully performed by one party, it is called a unilateral contract. A) True B) False 11. A unilateral contract may be described as a promise for an act. A) True B) False 12. A contract never can be both executory and unilateral. A) True B) False 13. An option contract gives one of the parties an absolute right to enter into a second contract at a later date.
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This question was asked on Nov 13, 2011.

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