Exam 11: Written Contracts

The Statute of Frauds does not apply when the promisor promises the debtor that the promisor will pay the debt owed to the third person.

Which of the following types of agreements according to the Statute of Frauds need to be in writing?.

The Statute of Frauds recognizes electronic signatures as legally enforceable.

What is the parol evidence rule? Explain.

The contract and the memorandum required by the Statute of Frauds must set forth all the material terms of the transaction.

In some states, a joint contract is interpreted as being both joint and several.

The Statute requires a written memorandum to contain all information on one piece of paper.

Which of the following is true of contracts?

Which of the following is true of the Statute of Frauds?

The Statute of Frauds states that the memorandum must contain more essential terms than the written contract.

Which of the following is a requirement made by the Statute of Frauds when a party sues to enforce an alleged contract?

A lease of real property for less than one year must be in writing in order to be binding.

Parol evidence refers to:

Default refers to:

The parol evidence rule assumes that a written contract represents the complete agreement.

Which of the following is true of the parol evidence rule?

The Statute of Frauds' requirement of writing applies if the main purpose of the promise is to gain some advantage for the promisor.

According to the Statute of Frauds, an agreement of an executor to pay the debts of the estate from the executor's personal funds, needs to be an oral contract.

When a party sues to enforce an alleged contract, the Statute of Frauds requires that:

An advantage that written contracts have over an oral contracts is that they can be ascertained.