Exam 16: The Form and Meaning of Contracts

A publisher makes an oral deal with an author,where the author agrees to write a new "Introduction to Marketing" book.They agree that the book is due in two years.In this scenario,the contract is most likely to be _____.

Which of the following is true of collateral contracts?

If two parties used a form contract,and one of the parties drafted the contract,ambiguities are resolved against the party who drafted the contract.

A collateral contract involves:

When a contract is partly printed and partly written,_____.

The parol evidence rule:

Under the Electronic Signatures in Global and National Commerce Act (E-Sign),_____.

Explain with an example how the parol evidence rule is a potential source of danger for parties who reduce their agreements to written form.

When parties to an oral contract have both fully performed their obligations under the contract,the parties are:

In an executory bilateral contract,most courts hold that:

If the parties used a form contract,or the contract is partly printed and partly written,the printed terms control the written terms if the two conflict.

Miriam makes an oral agreement with John to sell him 200 acres of prime farmland for a mere $500.Their agreement is:

Jayla was the president and 25 percent owner of two companies that served the Uptown Mall.At the request of the mall owner,Jayla helped arrange the mall's sale to Saber Inc.To ensure continuity in mall operations,Saber offered to hire Jayla as vice president of its retail division.The terms they allegedly negotiated included a five-year term of employment,renewable for another five years,with termination at the option of either party on six months' written notice.Jayla wrote some of the terms up in a letter that Saber orally agreed to but never signed.Jayla worked for Saber for 11 months and then was fired without notice.Can Jayla enforce the contract?

The Uniform Commercial Code is unique in its approach to the statute of frauds because it recognizes that the basic purpose of the statute of frauds can be satisfied only by writing.

If a fully executory,bilateral contract cannot be performed within a year,it need not be evidenced by writing to be legally enforceable.

Contracts that are traditionally required to be in writing by the statute of frauds are:

According to the leading object doctrine,promises of third parties to a contract who are primarily motivated by a desire to secure some personal benefit:

According to most states,which of the following is true if there is only a memorandum of two parties' agreement?

The Uniform Electronic Transactions Act (UETA)offers specific rules governing when consent has been given electronically.

Explain the writing requirement under the Uniform Commercial Code (UCC)and the U.N.Convention on the International Sale of Goods.