business law i 5

answer the flowing questions from your own word

1. IF SOMEONE ASKED YOU TO DEFINE CONSIDERATION, WHAT WOULD YOU TELL THEM? GIVE AN EXAMPLE

2. WE KNOW THAT AN INFANT’S CONTRACT IS VOIDABLE, BUT WHEN IS THE INFANT OR PARENT STILL LIABLE-GIVE EXAMPLES.

3. CAN YOU GIVE AN EXAMPLE OF A MUTUAL MISTAKE OF FACT TO EXCUSE PERFORMANCE AND DISTINGUISH THAT FROM A UNILATERAL MISTAKE

4. WHILE THE GENERAL RULE IS THAT AN OFFER CAN BE REVOKED ANYTIME UP TO ACCEPTANCE, HOW CAN YOU KEEP THE OFFER OPEN.

5.EXPLAIN QUASI CONTRACT AND UNJUST ENRICHMENT