Exam 17: Writing, electronic Forms, and Interpretation of Contracts

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.

A contract for the sale of goods with a price of $500 or more requires written proof to be enforceable.

When an insurance policy is ambiguous,the policy is interpreted:

No writing is required for a service contract that can be performed within one year after the date of the agreement.

The parol evidence rule does not prohibit proof that:

The writing required by the statute of frauds in the case of a contract for the sale of land must:

The parol evidence rule may not apply if:

In interpreting an ambiguous contract,one part of the contract:

A person who is prevented from enforcing a contract because of the statute of frauds also is prevented from recovering the value of services,property,or money furnished the other party to the oral contract.

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.

An oral contract to sell a house is binding if:

The defense of noncompliance may be raised:

When a person has performed services under an oral contract that cannot be enforced because of the statute of frauds,such person:

Parol evidence may be admitted to show that a provision was omitted as the result of:

If words and numbers contradict each other in a contract,the rule of construction favors the words.

Provisions of a contract will be considered separately and not as a whole.

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?

In the absence of a statute requiring a writing,a contract may be oral or written.

Jones and Clark entered into a written contract for the purchase of an apartment building by Clark.The contract was carefully drafted to set forth the agreement of the parties.It was signed by both parties.Clark subsequently claimed that the contract did not cover all the terms included in the written and oral agreements that the parties had made during their prior negotiations. Jones claimed that the parol evidence rule barred proof of all of their prior agreements.Which claim would be upheld in court?

The statute of frauds applies to: