Exam 16: The Form and Meaning of Contracts

On March 10,Martin entered into an oral contract with Wilson.Under the oral contract,they agreed that Wilson will work for Martin for two years for a salary of $50,000 per year.Wilson quit his job the next day so that he could join Martin.But on March 12,Martin called Wilson and repudiated the contract,stating that he had decided not to hire him after all.If Wilson decides to sue,which of the following is most likely to be true?

The parol evidence rule refers to the:

Which of the following is true about the exception to the parol evidence rule?

Oral evidence can be introduced to help a court resolve ambiguities in a written contract.

The increasing number of contracts transacted over the Internet has prompted legislative reform at both the state and federal levels to facilitate e-commerce by revising traditional contract rules.

Guaranty contracts need to be evidenced by writing to be enforceable.

Contracts transferring ownership rights in real estate need not be evidenced by writing to be enforceable.

Which of the following is a basic Code writing requirement for contracts?

Why do contracts that involve the executors' agreements to personally pay their decedents' debts have to be in writing to be enforceable?

A statute of frauds essentially says that in some cases,the law will require more evidence that the parties had an agreement than the oral testimony of the party claiming that a contract existed.