Exam 15: The Statute of Fraudswriting Requirement

Abner tells a representative of Brass & Woodwind Musical Instruments,Inc.,that he will pay for Claudia's trumpet if she does not. Abner does not secure any personal benefit for this promise. Abner's oral promise is enforceable as a contract by

The Statute of Frauds operates as a defense to the enforcement of any contract for the sale of land.

An oral contract may be enforceable if the person making the promise could foresee that the promisee would rely on the promise.

Ed and Four Star Company enter into an oral contract under which Ed agrees to provide delivery service for Four Star for nine months. This contract is enforceable by

An oral contract for a sale of land can sometimesbe enforced if partial performance has taken place.

Macro Marketing,Inc.,and Nature Foods Corporation (NFC)discuss the terms of a contract. Macro faxes NFC a memo on Macro's letterhead that summarizes the items on which they agree. NFC begins to perform,but Macro refuses to pay. Between Macro and NFC,the memo is

To be enforceable,a memorandum evidencing an oral contract must include all essential terms.

A contract must be in writing to be enforceable unless its performance is impossible within one year.

Retail Sales Company and Standard Purchasing Corporation enter into a contract for a sale of goods.To be enforceable,the contract should be in writing if the goods are valued at more than

Elaine offers Francie$1 millionto invest in a start-up business venture if Francie marries Elaine's son Guinn. This promise is enforceable

The primary purpose of the Statute of Frauds is to ensure that all parties to a contract understand all the terms of the contract.

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

Kelly and Lauren sign a written contract for the sale of Kelly's Koffee Kiosk to Lauren. The parties intend their written contract to be a final statement of the terms of their agreement. -Refer to Fact Pattern 15-2. The writing that Kelly and Lauren signed is a contract that is

Representatives of Chemico,Inc.,and Petro Products Corporation orallyagree that Chemicowill sell a chemical refinery and the land on which it is situated to Petro. Under the Statute of Frauds,this deal is enforceable by

Under the Statute of Frauds,any contract that is not in writing is void.

In some states,an otherwise unenforceable oral contract may be enforced under the doctrine of promissory estoppel.

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

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

Guardian Security,Inc.,and Hedge Fund Corporation enter into an oral contract under which Guardian Security agrees to provide security services for Hedge Fund offices for as long as Hedge Fund needs them. This contract may be enforce-able by

Sharon agrees to assume a debt owed by Tom's Guitars Inc. to United Funds Bank.The agreement is not in writing. To be enforceable under the "main purpose" rule,the promise must be for the benefit of