Exam 16: The Form and Meaning of Contracts

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

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Verified

D

A famous publisher makes an oral deal with Professor Cullison to write a new Legal Ethics book.The parties agree that Professor Cullison's work will be due in five years.Under this scenario,the contract is:

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B

A person's promise made on an original contract is identical to the promise a third party makes on a guaranty contract.

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False

Which of the following is a basic Code writing requirement?

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Paulsen and Warren enter into a written contract.Warren later sues Paulsen for breaking a certain oral promise that Warren alleges is part of their deal.Paulsen's oral promise is not included in the terms of the written contract.At trial,Warren attempts to introduce evidence about the oral promise,and Paulsen's attorney objects to the admission of the evidence on the ground that it violates the parol evidence rule.A court would refuse to admit evidence about Paulsen's oral promise if:

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If an oral contract has been declared unenforceable by the court,yet one of the parties has rendered some performance under the contract that conferred benefits on the other party,he/she can recover the reasonable value of the performance in:

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Sunny makes an oral agreement with WudWerks to create 100 custom-made chairs for her restaurant for $14,000.After WudWerks had shifted around their production schedule to produce the chairs,Sunny calls WudWerks and says that she no longer wants the chairs and that their deal is off.Under this scenario:

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

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A fully executory,bilateral contract that cannot be performed within a year after it is made need not be evidenced by a writing to be enforceable.

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Leroy writes a letter that said,"I agree to sell to Jay 5 modern art paintings" and he signs the letter.What happens according to the code if Jay is a merchant and he receives this writing from Leroy and does not object in writing within 10 days after receiving it?

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Why do contracts that involve the executors' agreements to personally pay their decedents' debts that are covered by the statute of frauds to be in writing to be enforceable?

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For the requirement that certain types of contracts must be in writing,promissory estoppel is an exception to:

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Harold makes an oral agreement to purchase Tina's boat for $700.Under the UCC:

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"Parol evidence" refers to:

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Explain the writing requirement under the UCC and U.N.'s Convention on the International Sale of Goods.

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

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On April 1,2005 Parker entered an oral contract with Wilkins in which Parker promised to work for Wilkins for three years for a salary of $40,000 per year.On April 5,2005,Wilkins called Parker and repudiated the contract,stating that he had decided not to hire him after all.If Parker sues Wilkins for breach of contract:

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Oral evidence may be introduced to "fill the gaps" in an incomplete written contract.

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When a contract is partly printed and partly written:

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

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