Exam 15: The Statute of Fraudswriting Requirement
Exam 1: The Legal Environment72 Questions
Exam 2: Constitutional Law72 Questions
Exam 3: Courts and Alternative Dispute Resolution72 Questions
Exam 4: Tort Law72 Questions
Exam 5: Product Liability72 Questions
Exam 6: Intellectual Property Rights72 Questions
Exam 7: Internet Law, social Media, and Privacy72 Questions
Exam 8: Criminal Law and Cyber Crime72 Questions
Exam 9: Business Ethics72 Questions
Exam 10: Nature and Classification72 Questions
Exam 11: Agreement72 Questions
Exam 12: Consideration72 Questions
Exam 13: Capacity and Legality72 Questions
Exam 14: Voluntary Consent72 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: International Law in a Global Economy72 Questions
Exam 20: The Formation of Sales and Lease Contracts72 Questions
Exam 21: Title and Risk of Loss72 Questions
Exam 22: Performance and Breach of Sales and Lease Contracts72 Questions
Exam 23: Negotiable Instruments72 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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Daisy files a suit against Elton 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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A contract must be in writing to be enforceable if it makes performance possible only over a period of more than one year.
(True/False)
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David agrees to assume the debt of eDotCom Company to Fidelity Bank.The agreement is not in writing. To be enforceable,the promise must be for the benefit of
(Multiple Choice)
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Ulrich files a suit against Vern to enforce a written con-tract. 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
(Multiple Choice)
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Whitewater Canyon Adventures,Inc.,and Xtra Overstock Company enter into an oral contract for Xtra's sale to Whitewater of five rafts for $2,000 each. Before Whitewater takes possession of the rafts,this contract is enforceable by
(Multiple Choice)
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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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Hal's Hardware Stores and Ideal Tools,Inc.,sign a written contract for a sale of goods. To be enforceable,this written contract must include
(Multiple Choice)
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Larue buys an iPod for $150 and a new laptop for $1,200,and signs a one-year employment contract for a $4,800 monthly salary to start at the beginning of the next month. The Statute of Frauds covers
(Multiple Choice)
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Odell and Paula sign a contract for the sale of Odell's Pub & Grub Café to Paula. The parties intend their written contract to be a final statement of most,but not all,of the terms of their agreement-Odell must first buy the building from Quin,after which Odell and Paula will negotiate a final price.
-Refer to Fact Pattern 15-3. Paula later disputes some of the provisions of the deal with Odell. If the dispute results in litigation,a court will most likely admit evidence of additional terms that are
(Multiple Choice)
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Colette and Dealership Auto Sales Company enter into an oral contract under which Dealership Auto agrees to provide Colette with lifetime employment. This contract may be enforceable by
(Multiple Choice)
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A contract in which a party assumes a primary obligation must be in writing to be enforceable.
(True/False)
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Oral evidence to "fill in the gaps" of a contract with incomplete terms can be introduced at a trial.
(True/False)
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Del's Granola Company enters into a contract to buy one hundred pounds of almonds from Earth Grove Farms. The contract must be in writing if the almonds cost
(Multiple Choice)
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Millet Grains Cooperative and Corn Cereals,Inc.,discuss the terms of a contract for periodic deliveries of corn. Millet Grains then faxes Corn Cereals a memo on Millet Grains's letterhead that summarizes the points on which they agreed,including a two-year term. Millet Grains begins to perform,and Corn Cereals accepts the deliveries but refuses to pay.
-Refer to Fact Pattern 15-1.The transaction between Millet Grains and Corn Cereals falls within the provision of the Statute of Frauds involving
(Multiple Choice)
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On Monday,Merlin buys a tablet for $500 from a Pads & Pods store. On Tuesday,he returns to the store and buys a GPS device for $200. On Wednesday,he downloads $100 worth of tunes from singsong.com. To be enforceable,the contract must be in writing for the purchase of
(Multiple Choice)
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Prenuptial agreements are agreements made during a wedding ceremony that define each partner's duties to one another during the marriage.
(True/False)
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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.Lauren later disputes some of the provisions of the deal with Kelly. If the dispute results in litigation,a court will most likely exclude evidence that
(Multiple Choice)
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A contract must be in writing to be enforceable if the contract makes per-formance possible within any definite period of time.
(True/False)
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Written evidence or an electronic record of a contract for a sale of goods priced at $50 or more is required.
(True/False)
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