Exam 15: The Statute of Fraudswriting Requirement
Exam 1: Law and Legal Reasoning72 Questions
Exam 2: Constitutional Law72 Questions
Exam 3: Ethics in Business72 Questions
Exam 4: Courts and Alternative Dispute Resolution72 Questions
Exam 5: Tort Law72 Questions
Exam 6: Product Liability72 Questions
Exam 7: Intellectual Property Rights72 Questions
Exam 8: Internet Law, Social Media, and Privacy72 Questions
Exam 9: Criminal Law and Cyber Crime72 Questions
Exam 10: Nature and Classification72 Questions
Exam 11: Agreement72 Questions
Exam 12: Consideration72 Questions
Exam 13: Capacity and Legality72 Questions
Exam 14: Voluntary Consent73 Questions
Exam 15: The Statute of Fraudswriting Requirement72 Questions
Exam 16: Performance and Discharge72 Questions
Exam 17: Breach and Remedies72 Questions
Exam 18: Third Party Rights72 Questions
Exam 19: The Formation of Sales and Lease Contracts72 Questions
Exam 20: Title and Risk of Loss72 Questions
Exam 21: Performance and Breach of Sales and Lease Contracts72 Questions
Exam 22: Negotiable Instruments72 Questions
Exam 23: International and Space Law72 Questions
Exam 24: Banking in the Digital Age72 Questions
Exam 25: Security Interests and Creditors Rights72 Questions
Exam 26: Bankruptcy72 Questions
Exam 27: Agency Relationships in Business72 Questions
Exam 28: Employment, Immigration, and Labor Law72 Questions
Exam 29: Employment Discrimination72 Questions
Exam 30: Sole Proprietorships and Franchises72 Questions
Exam 31: All Forms of Partnership72 Questions
Exam 32: Limited Liability Companies and Special Business Forms72 Questions
Exam 33: Corporate Formation and Financing72 Questions
Exam 35: Corporate Mergers, Takeovers, and Termination72 Questions
Exam 36: Investor Protection, Insider Trading, and Corporate Governance72 Questions
Exam 37: Administrative Law72 Questions
Exam 38: Antitrust Law and Promoting Competition72 Questions
Exam 39: Consumer and Environmental Law72 Questions
Exam 40: Liability of Accountants and Other Professionals72 Questions
Exam 41: Personal Property and Bailments72 Questions
Exam 42: Real Property and Landlord-Tenant Law72 Questions
Exam 43: Insurance, Wills, and Trusts72 Questions
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A party's signature must be at the end of a writing for the writing to constitute an enforceable contract.
(True/False)
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Ben makes an appointment for a $50 haircut, buys a bike for $250, and agrees to work for Coding Associates for one year for $5,000 per month, starting at the beginning of next month. To be enforceable, a writing is required for
(Multiple Choice)
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(34)
Lumber LLC files a suit against Mill Company to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract if
(Multiple Choice)
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Gusher Irrigation Inc. and Heartland Farm enter into a contract for a sale of irrigation equipment for $50,000. To be enforceable, the contract should be in writing and identify
(Multiple Choice)
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Rocco orally agrees to sell his Spring Beverage Company to Thirsty Inc. Rocco notes the terms on a sheet of Spring stationery and signs it. This agreement is most likely enforceable against
(Multiple Choice)
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Real Quick Food Inc. and Spud Farm discuss periodic deliveries of potatoes. Despite the absence of an invoice or other writing evidencing the terms of a deal, Spud begins to perform, and Real accepts the deliveries but refuses to pay. As a contract, this arrangement is most likely enforceable against
(Multiple Choice)
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A unilateral promise to pay a sum of money or to give property in consideration of a promise to marry must be in writing.
(True/False)
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A contract must be in writing to be enforceable if the contract makes performance possible within any definite period of time.
(True/False)
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A promise to pay another's debt only if that party fails to pay does not need to be in writing to be enforceable.
(True/False)
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Air Flo, Inc., and Banyan Grove Apartments enter into an oral contract in which Air Flo agrees to provide air-conditioning and heating maintenance for Banyan Grove's facilities for two years. This contract is enforceable by
(Multiple Choice)
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(32)
Mako and Nico agree to buy and develop certain real estate. The parties intend their written contract to be a final statement of the terms, which are complex, lengthy, and subject to many conditions. This writing is
(Multiple Choice)
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(28)
Solar Power LLC and Trey enter into an oral contract under which Solar agrees to provide Trey with lifetime employment. This contract may be enforceable by
(Multiple Choice)
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To be enforceable, a memorandum evidencing an oral contract must identify the consideration.
(True/False)
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Blake and Carla sign a contract for the sale of Blake's Bakery to Carla. The parties intend their written contract to be a final statement of most, but not all, of the terms of their agreement. In a dispute between the parties, with respect to the terms, a court is most likely to admit evidence that is
(Multiple Choice)
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Under the Statute of Frauds, a contract involving an interest in land must be in writing to be enforceable.
(True/False)
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Rough Canyon Adventures Inc. and Swampcraft Inc. enter into an oral contract for Swampcraft's sale to Rough of five rafts for $2,000 each. Before Rough takes possession of the rafts, this contract is enforceable by
(Multiple Choice)
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Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by
(Multiple Choice)
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In a dispute regarding an insurance claim, if a term in the written policy is ambiguous, parol evidence is admissible to show the meaning.
(True/False)
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A party who seeks the performance of an oral contract must prove that the contract existed.
(True/False)
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An agreement subject to the Statute of Frauds must be written on paper.
(True/False)
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