Exam 15: Contracts in Writing

Bob sends Fred a letter offering to sell Fred his car for $2,500.Fred writes back that he'll take it.They now must get together and write a memorandum because it is a sale of goods for over $500.

Would a letter written after the execution of a contract and which contained agreements different from those in the written contract be admissible under the parol evidence rule?

The executor-administrator provision applies to promises of an executor of a decedent's estate to the decedent's creditors.

The purpose of the statute of frauds is to prevent the performance of oral contracts.

Under the Restatement and the Code,when can supplemental evidence be used with a written contract?

An example of an unenforceable oral contracts is:

The statute of frauds generally requires that both parties sign the writing.

A usage of trade is a practice or method of dealing regularly observed and followed in a place,vocation,or trade.

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

What is another name for the main purpose doctrine?

Under the majority rule,the test under the one-year provision of the statute of frauds is whether the parties believe that the contract cannot be performed within one year.

The word "parol" literally means release.

Under the UCC,a(n)__________ is a sequence of previous conduct between the parties to an agreement which may be fairly regarded as establishing a common basis of understanding for interpreting their conduct under the contract.

An oral contract for the transfer of an interest in land may be enforced if the party seeking enforcement has so changed his position in reasonable reliance on the contract that a court can prevent injustice only by enforcing the contract.

Under the majority rule,the test under the one-year provision of the statute of frauds is whether it is likely that the contract will be completed within one year.

The parol evidence rule applies to partially written agreements.

Under the parol evidence rule,which of the following types of evidence may be used to vary or contradict the written agreement?

Which of the following is an exception to the suretyship provision requirement under the statute of frauds?

Tom's bank is threatening to repossess his car.Tom's mother notifies the bank that she promises to pay the bank if Tom defaults on the loan.This promise must be in writing or have a sufficient electronic record to be enforceable.

A contract to pay for lawn care services costing $1,500 would have to be in writing or in proper electronic form to be enforceable.