While illegal contracts have civil penalties, the parties involved may also be subject to
criminal penalties.
In a(n) ____________________, the original contract is terminated and a new contract
formed between the remaining party to the original contract and the new party.
Franchising is regulated by both state and federal governments.
Promising to do something you are already required to do is adequate consideration.
Taking your clothes or other personal belongings to a dry cleaner is an example of a
mutual benefit bailment.
Silence can never indicate acceptance of an offer.
To protect an employee’s pension benefits, Congress passed a law known as
____________________.
James, a baseball fan, sued to have the National Baseball League dissolved on the
grounds that it was a monopoly. Will the suit succeed?
The ____________________ is the cost of credit stated in dollars and cents.