Multiple choice

1 A contract is ________ if the offeror's offer can be accepted only by the performance of an act by the offeree.

2 Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job within Saturday, she would pay him $1,000. This offer creates a(n) ________ contract.

3 Which of the following is true about a promissory note?

4 Martha contacts a bakery to get a cake for her son's birthday party. She tells the baker that she will pay him $150 for the cake if he delivers the cake on Friday evening. If the baker does not deliver the cake on Friday evening, which of the following will hold true?