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take-it-or-leave it contracts or contract of adhesion {Ans: are quite common and are normally enforceable but when enforcement of an otherwise legal contract will result in a significant hardship to one of the parties, courts have considered such agreements to be so unfair as to be unenforceable}could {Ans: emancipation _____result from marriage or from voluntary separation of minor from his or her parents or guardians in order to assume adult responsibilities, such as financial independence.}three essential characteristics of valid consideration {Ans: 1. legality 2. adequacy 3. the possibility of performance}memorandum agreement {Ans: some important agreements are not even called contacts, they are called?}offeror {Ans: the person making a proposal}power to control {Ans: sometimes a person has the ____ the actions of another because of a special or confidential relationship to that person ex: employer and employee, physician or nurse and patient, teacher and student}The seal on a contract can be simply? {Ans: Seal or L.S. (which means locus sigilli, the place of the seal), a scroll, a wafer, or an impression on the paper}when fraud is committed {Ans: the party who relies on the misstatement or nondisclosure must suffer a loss as