(Answered) : 1. Not all promises are contracts. True or False 2. The United Nations Convention on Contracts for the International Sale of

1. Not all promises are contracts. True or False

2. The United Nations Convention on Contracts for the International Sale of Goods applies to any party, be it a merchant or a nonmerchant.

True or False

3. A voidable contract is one that may be canceled by only one of the parties

True or False

4 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

5. In a unilateral contract, one of the parties makes a promise and the