TRUE/FALSE
1. Under the modern rule or approach to unilateral contracts, a unilateral contract is not formed until the person receiving the offer completes the act that is the subject of the contract.
2. Under the “plain meaning rule,” a court will make its determination about what the terms of a contract are, and whether it should be enforced, without referring to extrinsic evidence, to help interpret the contract terms that are included within the written contract.
MULTIPLE CHOICE
3. Helen is a single mom, on food stamps. Her refrigerator goes out, so she contracts with a small appliance business to buy a basic refrigerator on an installment plan offered by the business, which is the only way she can get the refrigerator right away. The initial price of the refrigerator is $400, but by the time Helen completes all of her payments, with interest, she will have paid $2,000 for it. If Helen is able to get a court to set aside the contract, it will be on the ground of
A. mutual mistake
B. unconscionability
C. fraud
D. duress