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The imposition of a best efforts clause is generally viewed as sufficient consideration.

A noncompete agreement will be found not to violate public policy so long as it meets the required tests for reasonableness.

Mary is a bartender at a local pub. The state in which Mary works requires all bartenders to be licensed. No special education or experience is required, but one must pay $25 per year for the license. Mary was not aware of this, so she did not obtain a license. When her boss found out about this, he refused to pay Mary for the two weeks of work that she had done. Mary sues. What results?

If a court finds that the subject matter of a contract is not legal, the court will undo the contract and place the parties in the status quo.

In most states, if a minor misrepresents her age when entering into a contract, that contract cannot be disaffirmed.

Which of the following is correct about contracts entered into by insane persons?

The courts have very broad powers to enforce or not enforce certain types of contracts. Which of the following statements best describes this power?

Someone who is not yet a licensed real estate agent can legally collect a fee for real estate services.

A court will normally allow the parties to reach their own bargain and will not question the value of the performance or forbearance for which the parties bargain. Another way to say this is that courts ordinarily do not question the adequacy of _________________.

Two friends, Ann and Mary, are having margaritas at happy hour. There had been no discussion of who would pay for the drinks. After the third round of drinks, Ann said, “I will pay for everything tonight including your drinks.” A couple of minutes later, Ann says, “I’ve changed my mind. I just remembered that they might be having layoffs at my job tomorrow.” Mary wants to force Ann to perform on her promise and threatens to sue. In this circumstance, a court would: