Question 1

Dina files a suit against Engineering Associates to enforce a written con?tract between the parties. Parol evidence will be admitted to prove

Accepted Answer

A)   an orally agreed-on condition.
B)   contemporaneous negotiations that contradict the written contract.
C)   prior negotiations that contradict the terms of the written contract.
D)   any of the above.

Question 2

A contract may have to be in writing to be enforceable even if its performance is possible within a year.

Accepted Answer

A) True 
 B)False

Question 3

A contract involving a lease is the only contract relating to an interest in land that must be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 4

Beta Grocers orders by phone twenty cartons of canned beets from Carotene Food Packers, Inc. After ten cartons are delivered and accepted, Beta repudiates the contract. Carotene can enforce the contract to

Accepted Answer

A)   any extent because the order was placed orally.
B)   no extent because the order was placed orally.
C)   the extent of the ten accepted cartons.
D)   the extent of the twenty ordered cartons.

Question 5

Glen and Haj sign a written contract. Glen claims that the parties later orally agreed to modify the contract. Any oral modification is likely not enforceable if it falls under

Accepted Answer

A)   the doctrine of promissory estoppel.
B)   the "main purpose" exception.
C)   the "partial performance" exception.
D)   the Statute of Frauds.

Question 6

To be enforceable, a writing evidencing an oral contract that would otherwise be unenforceable must be signed by the party who seeks to enforce it.

Accepted Answer

A) True 
 B)False

Question 7

Theo and Uma orally agree on the sale of Theo's Fitness Center to Uma and note the terms on a sheet of the center's stationery, which includes the Center's letterhead but which neither party signs. This agreement is most likely enforceable against

Accepted Answer

A)   neither Theo nor Uma.
B)   Theo and Uma.
C)   Theo only.
D)   Uma only.

Question 8

Property Development Company and Quality Land Corporation sign a writ?ten contract for a sale of land. In some states, to be enforceable, this con?tract must include

Accepted Answer

A)   a correct title, such as "Land Transfer" or "Real Estate Agreement."
B)   a declaration of the subject matter.
C)   a statement of the consideration.
D)   the parties' names.

Question 9

Parol evidence includes oral evidence that is outside a written contract and not incor?po?rated into the contract expressly or by reference.

Accepted Answer

A) True 
 B)False

Question 10

Timber, Inc., and United Corporation enter into an oral contract for a sale of a lumber mill. Under the Statute of Frauds, before United takes possession, this contract is enforceable by

Accepted Answer

A)   either party.
B)   neither party.
C)   Timber only.
D)   United only.

Question 11

Oral evidence of the modification of a contract after its making can be introduced at a trial.

Accepted Answer

A) True 
 B)False

Question 12

Edy borrows $1,000 from First County Bank. Gil orally promises First County that he will repay the loan if Edy does not. Gil does not get any personal benefit for the promise. Gil's promise is

Accepted Answer

A)   enforceable only if it is in writing.
B)   enforceable only if it is oral.
C)   enforceable whether it is oral or in writing.
D)   not enforceable.

Question 13

Andy and Biz Company (BC)  enter into an oral contract under which Andy agrees to clean BC's office for two years. This contract is en?forceable by

Accepted Answer

A)   Andy only.
B)   BC only.
C)   either party.
D)   neither party.

Question 14

A contract that has not been fully performed by the end of a year from the day of its making must be rewritten to continue in force.

Accepted Answer

A) True 
 B)False

Question 15

Little Goods Store and Major TV Sales Corporation enter into an oral contract for Major's sale to Little of eight DVD players for $100 each. After Little takes possession of the players, but before payment, this contract is

Accepted Answer

A)   enforceable only if it is in writing.
B)   enforceable only if it is oral.
C)   enforceable whether it is oral or in writing.
D)   not enforceable.

Question 16

An integrated contract is a contract with more than one subject or part.

Accepted Answer

A) True 
 B)False

Question 17

Evidence of prior agreements that differ from the written terms of a con?tract can be introduced in court to alter the contract.

Accepted Answer

A) True 
 B)False

Question 18

Consumer Goods, Inc., and Delta Distribution, Inc., sign a written con?tract for a sale of goods. To be enforceable, this written contract must include

Accepted Answer

A)   a correct title, such as "Purchase Order" or "Sales Invoice."
B)   a declaration of the subject matter.
C)   a quantity term.
D)   the parties' names.

Question 19

A contract involving property of any kind must be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 20

Fact Pattern 15-A1 
Macro Marketing, Inc., and National Food Corporation discuss the terms of a contract. Macro then faxes NFC a memo on Macro's letterhead that summarizes the items on which they agreed, including a two-year term. NFC begins to perform, but Macro refuses to pay.
-Refer to Fact Pattern 15-A1. The transaction between Macro and NFC falls within the Statute of Frauds'

Accepted Answer

A)   collateral-promise provision.
B)   one-year rule.
C)   sales-of-goods stipulation.
D)   secondary-contracts section.

Exam 15: The Statute of Fraudswriting Requirements

An integrated contract is a contract with more than one subject or part.

Correct Answer
verified

Andy and Biz Company (BC) enter into an oral contract under which Andy agrees to clean BC's office for two years. This contract is en?forceable by

Correct Answer
verified

A contract involving a lease is the only contract relating to an interest in land that must be in writing to be enforceable.

Correct Answer
verified

Parol evidence includes oral evidence that is outside a written contract and not incor?po?rated into the contract expressly or by reference.

Correct Answer
verified

Theo and Uma orally agree on the sale of Theo's Fitness Center to Uma and note the terms on a sheet of the center's stationery, which includes the Center's letterhead but which neither party signs. This agreement is most likely enforceable against

Correct Answer
verified

Consumer Goods, Inc., and Delta Distribution, Inc., sign a written con?tract for a sale of goods. To be enforceable, this written contract must include

Correct Answer
verified

A contract involving property of any kind must be in writing to be enforceable.

Correct Answer
verified

Edy borrows $1,000 from First County Bank. Gil orally promises First County that he will repay the loan if Edy does not. Gil does not get any personal benefit for the promise. Gil's promise is

Correct Answer
verified

Dina files a suit against Engineering Associates to enforce a written con?tract between the parties. Parol evidence will be admitted to prove

Correct Answer
verified

Correct Answer
verified

Glen and Haj sign a written contract. Glen claims that the parties later orally agreed to modify the contract. Any oral modification is likely not enforceable if it falls under

Correct Answer
verified

To be enforceable, a writing evidencing an oral contract that would otherwise be unenforceable must be signed by the party who seeks to enforce it.

Correct Answer
verified

Evidence of prior agreements that differ from the written terms of a con?tract can be introduced in court to alter the contract.

Correct Answer
verified

Property Development Company and Quality Land Corporation sign a writ?ten contract for a sale of land. In some states, to be enforceable, this con?tract must include

Correct Answer
verified

Beta Grocers orders by phone twenty cartons of canned beets from Carotene Food Packers, Inc. After ten cartons are delivered and accepted, Beta repudiates the contract. Carotene can enforce the contract to

Correct Answer
verified

Oral evidence of the modification of a contract after its making can be introduced at a trial.

Correct Answer
verified

Little Goods Store and Major TV Sales Corporation enter into an oral contract for Major's sale to Little of eight DVD players for $100 each. After Little takes possession of the players, but before payment, this contract is

Correct Answer
verified

Timber, Inc., and United Corporation enter into an oral contract for a sale of a lumber mill. Under the Statute of Frauds, before United takes possession, this contract is enforceable by

Correct Answer
verified

A contract may have to be in writing to be enforceable even if its performance is possible within a year.

Correct Answer
verified

A contract that has not been fully performed by the end of a year from the day of its making must be rewritten to continue in force.

Correct Answer
verified

Exam 15: The Statute of Fraudswriting Requirements

An integrated contract is a contract with more than one subject or part.

Correct AnswerverifiedShow Answer

Andy and Biz Company (BC) enter into an oral contract under which Andy agrees to clean BC's office for two years. This contract is en?forceable by

Correct AnswerverifiedShow Answer

A contract involving a lease is the only contract relating to an interest in land that must be in writing to be enforceable.

Correct AnswerverifiedShow Answer

Parol evidence includes oral evidence that is outside a written contract and not incor?po?rated into the contract expressly or by reference.

Correct AnswerverifiedShow Answer

Theo and Uma orally agree on the sale of Theo's Fitness Center to Uma and note the terms on a sheet of the center's stationery, which includes the Center's letterhead but which neither party signs. This agreement is most likely enforceable against

Correct AnswerverifiedShow Answer

Consumer Goods, Inc., and Delta Distribution, Inc., sign a written con?tract for a sale of goods. To be enforceable, this written contract must include

Correct AnswerverifiedShow Answer

A contract involving property of any kind must be in writing to be enforceable.

Correct AnswerverifiedShow Answer

Edy borrows $1,000 from First County Bank. Gil orally promises First County that he will repay the loan if Edy does not. Gil does not get any personal benefit for the promise. Gil's promise is

Correct AnswerverifiedShow Answer

Dina files a suit against Engineering Associates to enforce a written con?tract between the parties. Parol evidence will be admitted to prove

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Glen and Haj sign a written contract. Glen claims that the parties later orally agreed to modify the contract. Any oral modification is likely not enforceable if it falls under

Correct AnswerverifiedShow Answer

To be enforceable, a writing evidencing an oral contract that would otherwise be unenforceable must be signed by the party who seeks to enforce it.

Correct AnswerverifiedShow Answer

Evidence of prior agreements that differ from the written terms of a con?tract can be introduced in court to alter the contract.

Correct AnswerverifiedShow Answer

Property Development Company and Quality Land Corporation sign a writ?ten contract for a sale of land. In some states, to be enforceable, this con?tract must include

Correct AnswerverifiedShow Answer

Beta Grocers orders by phone twenty cartons of canned beets from Carotene Food Packers, Inc. After ten cartons are delivered and accepted, Beta repudiates the contract. Carotene can enforce the contract to

Correct AnswerverifiedShow Answer

Oral evidence of the modification of a contract after its making can be introduced at a trial.

Correct AnswerverifiedShow Answer

Little Goods Store and Major TV Sales Corporation enter into an oral contract for Major's sale to Little of eight DVD players for $100 each. After Little takes possession of the players, but before payment, this contract is

Correct AnswerverifiedShow Answer

Timber, Inc., and United Corporation enter into an oral contract for a sale of a lumber mill. Under the Statute of Frauds, before United takes possession, this contract is enforceable by

Correct AnswerverifiedShow Answer

A contract may have to be in writing to be enforceable even if its performance is possible within a year.

Correct AnswerverifiedShow Answer

A contract that has not been fully performed by the end of a year from the day of its making must be rewritten to continue in force.

Correct AnswerverifiedShow Answer

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