True or False 1. Some promises are not legally binding. The intention to enter into a contract is judged by outward, objective facts as interpreted...

True or False1. Some promises are not legally binding. 2. The intention to enter into a contract is judged by outward, objective facts as interpreted by a reasonable person. 3. The only requirement of a valid contract is that it be voluntarily entered into. 4. “Consideration” refers to the voluntary consent of all of the parties to a contract. 5. The doctrine of quasi contract can be used only when there is an actual contract that covers the matter in c controversy. 6. An agreement is evidenced by a single event: an offer. 7. An expression of opinion—“your customers will like this”—is an offer. 8. A counteroffer does not terminate but continues an offer. 9. Under the mailbox rule, an acceptance takes effect at the time it is sent. 10. An e-record is considered received under the UETA only if a person is aware of its receipt.