Chapter 9 - Introduction to Contracts

Every promise is legally enforceable.

• True
• False

The main element of a contract is fairness.

• True
• False

In a bilateral contract, two parties make promises to one another.

• True
• False

The UCC is statutory law in every state.

• True
• False

The UCC applies to the sale of goods and services.

• True
• False

Non-contract obligations include all of the following except:

• quasi-contract
• promissory estoppel
• CISG doctrine
• quantum meruit (labor value)