NEED TO ANSWER TRUE OR FALSE.   1.ELMO SAYS TO A TOURIST, ''YOU'RE GOING TO GIVE ME 100$ FOR A PICTURE OR I WILLBEAT YOU WITH OSCAR'S TRASH CAN,'' AND THE TOURIST GIVES THE MONEY. THIS IS A VALID CONTRACT. 2.A CHECK IS AN EXAMPLE OF A FORMAL CONTRACT. 3.I SAY TO YOU, ''IF YOU PROMISE to give me 5$ i promise to sell you my book.'' You accept. This is a biliteral contract. 4. All contracts are agreements, but not all agreements are contracts. 5. You offer to sell your phone to me for 500$. I say i will think about it. This is a vakid contract. 6.Each party to a contract gains rights and incurs obligations. 7.If someone says, ''if you give me a big smile i will give you 10$.'' Upon hearing this you smile. This is a valid contract. 8. If u enter into a formal contract you must wear a tuxedo. 9.The four elements of a valid contract are:offer,acceptance,consideration and legal competence/capacity. 10.Y say to your 18 year old cousin from Brooklyn, ''if u promise not to smoke weed for one year i will give u 50$''. 1 year later your cousin hasnt smoked. Your cousin is entitled to the 50$. 11.One should always put contracts in writing since then they can have proof of the contract if needs. 12.If a prepaidpizza arrives at your door that you know you didnt order, you get free pizza. 13.All contract must be in writing. 14.An oral contracy sell a house is voidable. 15.Joe says to Bob, ''if u promise to give me 10$, i won't beat you uo!'' This is a valid contract. 16.A contract with same or all things left to do is executory. 17.It is possible to enter into a contract without saying a word. 18.You say to your 21 year old cousin from Brooklyn, ''if you promise not to drink alcohol for one year i will give you 50$. 1 year later your cousin hasnt drunk. Your cousin is entitled to the 50$. 19.Expecting to watch the NBA finals, Joe buys a stolen 70 inch tv. With no sports to watch, Joe tries to return the tv, and the seller laughs. If joe sues he will win the case.

I NEED TO ANSWER TRUE OR FALSE.

1.ELMO SAYS TO A TOURIST, ''YOU'RE GOING TO GIVE ME 100$ FOR A PICTURE OR I WILLBEAT YOU WITH OSCAR'S TRASH CAN,'' AND THE TOURIST GIVES THE MONEY. THIS IS A VALID CONTRACT.

2.A CHECK IS AN EXAMPLE OF A FORMAL CONTRACT.

3.I SAY TO YOU, ''IF YOU PROMISE to give me 5$ i promise to sell you my book.'' You accept. This is a biliteral contract.

4. All contracts are agreements, but not all agreements are contracts.

5. You offer to sell your phone to me for 500$. I say i will think about it. This is a vakid contract.

6.Each party to a contract gains rights and incurs obligations.

7.If someone says, ''if you give me a big smile i will give you 10$.'' Upon hearing this you smile. This is a valid contract.

8. If u enter into a formal contract you must wear a tuxedo.

9.The four elements of a valid contract are:offer,acceptance,consideration and legal competence/capacity.

10.Y say to your 18 year old cousin from Brooklyn, ''if u promise not to smoke weed for one year i will give u 50$''. 1 year later your cousin hasnt smoked. Your cousin is entitled to the 50$.

11.One should always put contracts in writing since then they can have proof of the contract if needs.

12.If a prepaidpizza arrives at your door that you know you didnt order, you get free pizza.

13.All contract must be in writing.

14.An oral contracy sell a house is voidable.

15.Joe says to Bob, ''if u promise to give me 10$, i won't beat you uo!'' This is a valid contract.

16.A contract with same or all things left to do is executory.

17.It is possible to enter into a contract without saying a word.

18.You say to your 21 year old cousin from Brooklyn, ''if you promise not to drink alcohol for one year i will give you 50$. 1 year later your cousin hasnt drunk. Your cousin is entitled to the 50$.

19.Expecting to watch the NBA finals, Joe buys a stolen 70 inch tv. With no sports to watch, Joe tries to return the tv, and the seller laughs. If joe sues he will win the case.