18. Distinguish meeting of the minds and mutuality.
19. May there be an acceptance of a contract by an act? If the above question is answered in the affirmative, give an example.
20. Must an acceptance be communicated to the offer?
21. A writes B, "I will sell you my horse for $150. If I do not hear from you to the contrary by Thursday noon I will consider the horse yours." B does not reply. After Thursday noon, to whom does the horse belong?
22. Define option. Give an example of an option.
23. Does an option require a consideration to render it valid?
24. What is an element of a contract?
25. Give the elements of a contract.
26. How many parties to every contract?
27. What is meant by legal age?