Exam 17: Writing, Electronic Forms, and Interpretation of Contracts
Exam 1: The Nature and Sources of Law56 Questions
Exam 2: The Court System and Dispute Resolution57 Questions
Exam 3: Business Ethics, Social Forces, and the Law52 Questions
Exam 4: The Constitution As the Foundation of the Legal Environment57 Questions
Exam 5: Government Regulation of Competition and Prices48 Questions
Exam 6: Administrative Agencies58 Questions
Exam 7: The Legal Environment of International Trade57 Questions
Exam 8: Crimes57 Questions
Exam 9: Torts58 Questions
Exam 10: Intellectual Property Rights52 Questions
Exam 11: Cyberlaw52 Questions
Exam 12: Nature and Classes of Contracts: Contracting on the Internet53 Questions
Exam 13: Formation of Contracts: Offer and Acceptance53 Questions
Exam 14: Capacity and Genuine Assent44 Questions
Exam 15: Consideration49 Questions
Exam 16: Legality and Public Policy48 Questions
Exam 17: Writing, Electronic Forms, and Interpretation of Contracts59 Questions
Exam 18: Third Persons and Contracts51 Questions
Exam 19: Discharge of Contracts57 Questions
Exam 20: Breach of Contract and Remedies58 Questions
Exam 21: Personal Property and Bailments53 Questions
Exam 22: Legal Aspects of Supply Chain Management53 Questions
Exam 23: Nature and Form of Sales53 Questions
Exam 24: Title and Risk of Loss40 Questions
Exam 25: Product Liability: Warranties and Torts53 Questions
Exam 26: Obligations and Performance42 Questions
Exam 27: Remedies for Breach of Sales Contracts53 Questions
Exam 28: Kinds of Instruments, Parties, and Negotiability52 Questions
Exam 29: Transfers of Negotiable Instruments and Warranties of Parties53 Questions
Exam 30: Liability of the Parties Under Negotiable Instruments53 Questions
Exam 31: Checks and Funds Transfers53 Questions
Exam 32: Nature of the Debtor-Creditor Relationship53 Questions
Exam 33: Consumer Protection53 Questions
Exam 34: Secured Transactions in Personal Property52 Questions
Exam 35: Bankruptcy53 Questions
Exam 36: Insurance53 Questions
Exam 37: Agency53 Questions
Exam 38: Third Persons in Agency53 Questions
Exam 39: Regulation of Employment53 Questions
Exam 40: Equal Employment Opportunity Law53 Questions
Exam 41: Types of Business Organizations56 Questions
Exam 42: Partnerships60 Questions
Exam 43: LPs, LLCs, and LLPs47 Questions
Exam 44: Corporate Formation52 Questions
Exam 46: Securities Regulation56 Questions
Exam 47: Accountants Liability and Malpractice51 Questions
Exam 48: Management of Corporations53 Questions
Exam 49: Real Property53 Questions
Exam 50: Environmental Law and Land Use Controls54 Questions
Exam 51: Leases53 Questions
Exam 52: Decedents Estates and Trusts53 Questions
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An oral contract can be enforced when it relates to:
Free
(Multiple Choice)
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Correct Answer:
A
When a contract may be terminated at will by either party, the statute of frauds is not applicable because the contract may be terminated within one year.
Free
(True/False)
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Correct Answer:
True
An insurance company cannot refuse to pay the fire loss of the buyer of a house on the grounds that the sales contract for the house was not binding because it was not properly signed.
Free
(True/False)
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Correct Answer:
True
When a person has performed services under an oral contract that cannot be enforced because of the statute of frauds, such person:
(Multiple Choice)
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A promise to pay an attorney a fee owed by a third person can be enforced without a writing.
(True/False)
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When the main purpose of the promisor's promise to pay the debt of another is to benefit the promisor, the statute of frauds is not applicable, and the oral promise to pay the debt is binding.
(True/False)
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A father's oral promise to his daughter and her fiancée made in consideration of their contemplated marriage is binding when made in the course of a serious discussion.
(True/False)
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The parol evidence rule generally excludes words spoken before or at the time a written contract was executed from contradicting the terms of the contract.
(True/False)
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Under the majority view, a contract that does not satisfy the statute of frauds is voidable.
(True/False)
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The parol evidence rule is based on the theory that either there never was an oral agreement or, if there was, the parties purposely abandoned it when they executed their written contract.
(True/False)
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Parol evidence may be admitted to show that a provision was omitted as the result of:
(Multiple Choice)
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If a contract is unclear, it will be interpreted against the party who drafted it.
(True/False)
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A writing that satisfies the requirement of a writing under the statute of frauds could be evidenced by:
(Multiple Choice)
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Provisions of a contract will be considered separately and not as a whole.
(True/False)
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A signed letter from an employer setting forth details of an oral contract of employment satisfies the statute of frauds.
(True/False)
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Franklin, a hobby-shop supplier, and Gordon, a hobby-shop owner, entered into a contract that provided that Franklin would sell Gordon fifty World War II battleship models at Franklin's cost of $2.95 each, plus a reasonable profit. Gordon brought suit to enforce the contract against Franklin, who refused to deliver the models. Franklin claimed that there was no contract because of indefiniteness. Is Franklin correct?
(Essay)
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