TRUE OR FALSE WITH CLEAR AND DETAILED EXPLANATION OF THE ANSWER 1.Donation is a solemn

TRUE OR FALSE WITH CLEAR AND DETAILED EXPLANATION OF THE ANSWER
1.Donation is a solemn contract for which reason formalities must be complied with in its execution.
2.For a contract to be valid, the offer may be uncertain so long as the acceptance is definite.
3.A counteroffer effectively cancels an offer for which reason there is yet no meeting of the minds.
4.Offer becomes ineffective the moment there is judicial declaration of insolvency.
5.An offer may be withdrawn any time before acceptance unless the same is founded on a consideration.
6.Contracts entered in a state of insanity but during a lucid interval are considered valid.
7.When there is defect in the consent, a contract is voidable.
8.A simple mistake in the terms and conditions of the contract will render it voidable.
9.Fear must be reasonable and well-grounded to vitiate consent.
10.Incidental fraud in the performance of an obligation renders the contract void.

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