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K formation requires Offer, Acceptance, and…
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Let's start!
K formation requires Offer, Acceptance, and Consideration. true or false?
//true
The answer is FALSE. Offer/Acceptance are not required. You can show mutual assent even if you can't identify the offeror or offeree.
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//false
You're absolutely right. Mutual assent and consideration are the requirements for K formation, not offer and acceptance.
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Consideration requires the giving of money or other thing of value in exchange for something else of value. true or false?
//true
The answer is FALSE. Consideration does not require giving anything. It requires promising to give something of value. Please don't confuse performance with consideration.
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//false
You're absolutely right. Consideration is a doctrine of U.S. contract law that requires a showing of a change affecting legal status to evidence the existence of a contract.
Your score is two, you're killing it.
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I'll ask you 2 questions about Contract law, you'll try to guess by saying "true" or "false"