In your answer test box click on Record/Upload media icon in the tool bar and record your answer.                                                                                       Respond with a video recording of yourself talking in complete sentences.                                                                                     You must be in the recording talking in Spanish.                                                                                     No writing allowed. If I can see you clearly will result in a zero.                                                                                  

Which of the following is true regarding contract validity?

Generally, an offeror can specify the manner in which he/she wants his/her offer to be accepted.

Jess says to a friend, “I’ll sell you my 2-year-old Toyota Camry for $4,000.” The friend says, “I’ll take it,” and they sign a short agreement to that effect. The friend didn’t know this, but Jess intended the offer as a joke. There will be a contract if:

A contract remains executory as long as any party to the contract has not fully performed.

The person who makes an offer to enter into a contract is the “offeree.”

Which of the following is not needed in order to have a valid contract?

In an auction without reserve, the seller must accept the highest bid and cannot withdraw the goods from sale.

Most courts hold that a liquidated debt cannot be compromised without new consideration.

Requirements contracts are not valid contracts as they are illusory.