Exam 15: Contracts in Writing

E-Sign was enacted by Congress in 2000 and makes electronic records and signatures valid and enforceable across the United States for many types of transactions in or affecting interstate or foreign commerce.

Chris receives a printed form in the mail from Wyandott Heating indicating that he has placed a telephone order for a $600 furnace.He doesn't recall placing the order.Which of the following is correct?

The statute of frauds applies to executory contracts only.

The UCC permits an oral agreement for the sale of goods to be enforced against a party who admits to the contract in court, even though the statute of frauds requires the agreement in writing.

Under the UCC, __________ refers to the manner and extent to which the respective parties to a contract have accepted successive tenders of performance by the other party without objection.

The UCC statute of frauds requires that the writing include all agreed-upon terms.

The UCC Article 2 statute of frauds provision applies to the sale of goods for the price of __________ or more.

UCC Revised Article 8, which all states have adopted, provides that the statute of frauds applies to contracts for the sale of securities.

What is another name for the main purpose doctrine?

ABC, Inc.calls the Widget Corporation of America to order 400 widgets at $2 a widget.Widget accepts the oral order and then sends out an order confirmation form, with the pre-printed name Widget Corporation of America on the top of the form.The form states that an order has been received for "300" widgets and that it will be filled promptly.

In an employment agreement with Carl, Arnold promises to work for Carl for the rest of his life.This promise must be in writing to be enforceable.

On March 20, Alan orally agrees to work for Trower, Inc.for a period of one year commencing on June 1.No writing is necessary here, because the contract can be performed within one year.

To protect consumers, E-Sign provides that consumers must consent in a writing on paper to conducting transactions with electronic records after being informed of the required hardware and software.

Under the Code an oral contract for specially manufactured goods costing $500 is enforceable even if the seller has not begun their manufacture.

The possibility test is what the courts use to determine whether a contract can be performed within a year.

Define the statute of frauds and give an example of what is covered.

The Uniform Electronic Transactions Act, which has been adopted by all of the states and the District of Columbia, gives full effect to electronic contracts and develops a uniform legal framework for their implementation.

Richard agrees to supply Henry with all his needs of specially made shampoo for Henry's beauty salon.Henry believes that Richard is a representative of a famous hair products company, but he finds a letter to a competitor written by Richard two days before the agreement is signed proving that Richard is a fraud.Richard says that this letter may not be admitted to court since their contract is wholly integrated.Is he correct?

The parol evidence rule is:

The main purpose doctrine is an exception developed by the courts to the suretyship provision.