1. Ingrid and Michael want to buy a house. As they don’t have sufficient money, they plan to steal their neighbor’s car and sell it to make money. This is a valid contract
True or False
2. In a unilateral contract, one of the parties makes a promise and the other party performs an act in exchange for that promise
True or False
3. A contract is implied when the parties directly state its terms at the time the contract is formed
True or False
4. Kasim owned a Super 8 Lodge and rented space to Duncan for a bar-lounge. Duncan
was responsible for remodeling costs and
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