Exam 16: The Writing Requirement

A contract must be in writing to be enforceable if its performance is not likely within a year of its formation, even if that performance is possible.

Quinn and Ruth orally agree on the sale of Seafood Shippers Inc. and jot down the terms on the back of one of Seafood's blank invoices, which they both sign. A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain

For a particular contract to fall under the one-year rule, the parties must subjectively believe that its performance is impossible to complete within a year.

Reliance on a certain type of oral contract can be enough to remove it from the Statute of Frauds.

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

A promise to pay another's debt only if that party fails to pay does not need to be in writing to be enforceable.

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

A party's signature must be at the end of a writing for the writing to constitute an enforceable contract.

An agreement made before marriage that defines each partner's interest in the other partner's property is a collateral promise .

A memorandum evidencing an oral contract must contain every term of the deal to be enforceable.

Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable, this contract must include

A unilateral promise to pay a sum of money or to give property in consideration of a promise to marry must be in writing.

An oral promise to sell certain real property is enforceable without more, but the actual sale must be in writing to be enforceable.

Builders Corporation files a suit against Concrete Company to enforce a written contract. If the court finds that the parties intended the contract to be the final statement of their agreement, parol evidence can be admitted to prove

A written contract must consist of a single document to constitute an enforceable contract.

Kee and Lu enter into a contract for the sale of Mountain Valley Ranch. To be enforceable, this contract must be

Daredevil Rides Inc. owes debts to Equipment Company and Food Supplies, Inc. Equipment orally agrees to assume Daredevil's debt to Food to prevent the concessionaire from filing a suit against Daredevil. This agreement is enforceable by

An oral sales contract for goods priced at less than $500 is unenforceable.

To cater a holiday banquet, Food Service LLC agrees to buy one hundred pumpkin pies from Great Desserts Inc. To be enforceable, the agreement must be in writing if the pies cost at least

Omar orally agrees with Pi Pizza to provide delivery service to its customers for nine months. This contract is enforceable by