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Exam 16: Writing

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Question 1

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The statute of frauds does not cover contracts in which marriage is the consideration.

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Question 2

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Which of the following is covered by the statute of frauds?

A) A real estate mortgage
B) A $300 contract for the sale of pencils
C) A contract that can be performed within a week
D) A $100 VCR repair

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Question 3

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With regard to an agreement for the sale of real estate, the Statute of Frauds:

Rick tells Dan that Sue will inherit a mansion if she pays him back an old debt. Since Sue is unable to pay the debt, Dan offers to pay it provided that he gets the mansion from Rick. The agreement between Dan and Rick need not be in writing under the:

Smith and Benson make an oral contract for the sale of some land at a price of $500,000. After paying Smith $400,000 of the purchase price, Benson takes possession of the land. One month later, Smith wants to boot Benson off the land. His argument is that the parties' oral agreement is unenforceable under the Statute of Frauds. Which of the following is most correct?

In order to satisfy the Statute of Frauds, the parties' writing must be:

On May 1, Dix and Wilk entered into an oral agreement by which Dix agreed to purchase a small parcel of land from Wilk for $450. Dix paid Wilk $100 as a deposit. The following day, Wilk received another offer to purchase the land for $650, the fair market value. Wilk immediately notified Dix that Wilk would not sell the land for $450. If Dix sues Wilk for specific performance, Dix will:

The statute of frauds covers all contracts that are for an indefinite period of time.

Article 2 of the UCC has no parol evidence rule.

The parol evidence rule blocks evidence of subsequent agreements that modify a completely integrated written contract.

In order to satisfy the writing requirement of the statute of frauds, both parties must sign the writing.

A memorandum on the sale of goods that does not indicate the _____ of goods to be sold will not satisfy the UCC's writing requirement.

Parol evidence can be used to contradict the terms of a partially integrated contract.

An oral contract within the UCC statute of frauds can be enforced without a writing only if it involves the sale of specially manufactured goods.

The Uniform Commercial Code changed the traditional Statute of Frauds rule by making it:

Arnold promised to sell his car to Adams in lieu of full payment of his debt. However in the written contract, Arnold had forgotten to specify which car he wants to sell. Is there any remedy?

The statute of frauds requires that:

Parol evidence can be used to resolve ambiguities in a completely integrated written contract.

Ward is attempting to introduce oral evidence in an action relating to a written contract between Ward and Weaver. Weaver has pleaded the parol evidence rule. Ward will be prohibited from introducing parol evidence if it relates to:

Under the _____, no writing is required where the guarantor makes a collateral promise for the main purpose of obtaining some personal economic advantage.