Question 1

Within the statute of frauds,"land" encompasses not only the land and soil itself but anything ______ to the land.

Accepted Answer

A)  Relating 
B)  Adjacent 
C)  Contracted 
D)  Attached 
E)  Pertinent 
A)  Relating 
B)  Adjacent 
C)  Contracted 
D)  Attached 
E)  Pertinent

Question 2

Under the Uniform Commercial Code,contracts for the sale of goods totaling more than ______ must be in writing.

Accepted Answer

A)  $200 
B)  $300 
C)  $500 
D)  $600 
E)  $1,000 
A)  $200 
B)  $300 
C)  $500 
D)  $600 
E)  $1,000

Question 3

A[n] ______ agreement is a clause parties include in a written agreement that states that the written agreement accurately reflects the final,complete version of the agreement.

Accepted Answer

A)  Adhesion 
B)  Complete 
C)  Parol 
D)  Merger 
E)  Consolidation 
A)  Adhesion 
B)  Complete 
C)  Parol 
D)  Merger 
E)  Consolidation

Question 4

Set forth the eight exceptions to the parol evidence rule.

Accepted Answer

The exceptions are (1)contracts that hav

Question 5

What is a purpose of the parol evidence rule?

Accepted Answer

A)  To restrict oral evidence from being admitted that supports an agreement in its written form. 
B)  To restrict written evidence from being admitted that supports an agreement in its written form. 
C)  To restrict oral and written evidence from being admitted that supports an agreement in its written form. 
D)  To restrict hearsay from being admitted that supports or contradicts an agreement in its written form. 
E)  To restrict evidence from being admitted that substantially contradicts an agreement in its written form. 
A)  To restrict oral evidence from being admitted that supports an agreement in its written form. 
B)  To restrict written evidence from being admitted that supports an agreement in its written form. 
C)  To restrict oral and written evidence from being admitted that supports an agreement in its written form. 
D)  To restrict hearsay from being admitted that supports or contradicts an agreement in its written form. 
E)  To restrict evidence from being admitted that substantially contradicts an agreement in its written form.

Question 6

Which of the following is an exception as to when a secondary obligation needs to be in writing?

Accepted Answer

A)  The primary-purpose rule 
B)  The resulting-fact rule 
C)  The main-purpose rule 
D)  The delineated rule 
E)  The personal-obligation standard 
A)  The primary-purpose rule 
B)  The resulting-fact rule 
C)  The main-purpose rule 
D)  The delineated rule 
E)  The personal-obligation standard

Question 7

According to the text,what are the three main purposes of the statute of frauds?

Accepted Answer

First,the statute attempts to ease contr

Question 8

The purpose of the parol evidence rule is to prevent attempts to use only oral evidence to prove agreements.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is true regarding writings created at the same time as a written agreement?

Accepted Answer

A)  Although the parol evidence rule applies to writings created at the same time as the written agreement, these writings tend to be treated differently than prior or contemporaneous oral agreements in that the writings are more readily admitted as part of the written agreement than is oral evidence. 
B)  Although the parol evidence rule applies to writings created at the same time as the written agreement, these writings tend to be treated differently than prior or contemporaneous oral agreements in that the writings are less likely to be admitted as part of the written agreement than is oral evidence. 
C)  The parol evidence rule applies to writings created at the same time as the written agreement, and these writings are analyzed in the same way as prior or contemporaneous oral evidence. 
D)  The parol evidence rule applies to writings created at the same time as the written agreement only if a sale of goods is involved, and in that case the writings are analyzed in the same way as prior or contemporaneous oral evidence. 
E)  The parol evidence rule does not apply to writings created at the same time as the written agreement. 
A)  Although the parol evidence rule applies to writings created at the same time as the written agreement, these writings tend to be treated differently than prior or contemporaneous oral agreements in that the writings are more readily admitted as part of the written agreement than is oral evidence. 
B)  Although the parol evidence rule applies to writings created at the same time as the written agreement, these writings tend to be treated differently than prior or contemporaneous oral agreements in that the writings are less likely to be admitted as part of the written agreement than is oral evidence. 
C)  The parol evidence rule applies to writings created at the same time as the written agreement, and these writings are analyzed in the same way as prior or contemporaneous oral evidence. 
D)  The parol evidence rule applies to writings created at the same time as the written agreement only if a sale of goods is involved, and in that case the writings are analyzed in the same way as prior or contemporaneous oral evidence. 
E)  The parol evidence rule does not apply to writings created at the same time as the written agreement.

Question 10

The concept of performance has no effect on the statute of frauds.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is false regarding the statute of frauds and promises made in consideration of marriage?

Accepted Answer

A)  Agreements regarding marriage in which one party is gaining something other than a return on his or her promise to marry are within the statute of frauds and must be in writing. 
B)  Mutual promises to marry fall within the statute of frauds. 
C)  Prenuptial agreements fall within the statute of frauds. 
D)  A prenuptial agreement is not automatically enforceable just because it is in writing. 
E)  When one party promises something to the other as part of an offer of marriage, the contract must be in writing to be enforceable. 
A)  Agreements regarding marriage in which one party is gaining something other than a return on his or her promise to marry are within the statute of frauds and must be in writing. 
B)  Mutual promises to marry fall within the statute of frauds. 
C)  Prenuptial agreements fall within the statute of frauds. 
D)  A prenuptial agreement is not automatically enforceable just because it is in writing. 
E)  When one party promises something to the other as part of an offer of marriage, the contract must be in writing to be enforceable.

Question 12

The Uniform Electronic Transactions Act reflects the decision that electronic transactions do not constitute a written copy because the electronic transaction is not technically a written document.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is true regarding Harry's assertion that the statute of frauds is left unsatisfied because he did not sign the document at the end?

Accepted Answer

A)  Harry is correct. 
B)  Harry is incorrect because while the statute of frauds would require his signature on the document, there is no requirement that the signature be at the end. 
C)  Harry is incorrect because the statute of frauds did not require his signature so long as the selling price was referenced. 
D)  Harry is incorrect because the statute of frauds did not require his signature so long as the type of subject matter involved was referenced. 
E)  Harry is incorrect because the statute of frauds did not require his signature so long as the parties were clearly identified. 
A)  Harry is correct. 
B)  Harry is incorrect because while the statute of frauds would require his signature on the document, there is no requirement that the signature be at the end. 
C)  Harry is incorrect because the statute of frauds did not require his signature so long as the selling price was referenced. 
D)  Harry is incorrect because the statute of frauds did not require his signature so long as the type of subject matter involved was referenced. 
E)  Harry is incorrect because the statute of frauds did not require his signature so long as the parties were clearly identified.

Question 14

Which of the following is a type of contract that falls within the scope of the statute of frauds?

Accepted Answer

A)  Contracts whose terms prevent possible performance within one year 
B)  Contracts involving the provision of services 
C)  Contracts involving the provision of any goods 
D)  Contracts involving any debt 
E)  Contracts involving services in relation to computer equipment 
A)  Contracts whose terms prevent possible performance within one year 
B)  Contracts involving the provision of services 
C)  Contracts involving the provision of any goods 
D)  Contracts involving any debt 
E)  Contracts involving services in relation to computer equipment

Question 15

Which of the following is true regarding Bruce's promises to Sally of a Mercedes and a trip?

Accepted Answer

A)  The promises fall within the statute of frauds. 
B)  The promises do not fall within the statute of frauds because they involve material matters, not matters involving home and children. 
C)  The promises do not fall within the statute of frauds unless Sally can prove that she would not have married Bruce without the assurance of the Mercedes and the trip. 
D)  The promises fall within the statute of frauds unless Bruce can prove that Sally would have married him without the assurance of the Mercedes and the trip. 
E)  The promises would have fallen within the statute of frauds in earlier times in history, but would not fall within the statute of frauds in this day and time. 
A)  The promises fall within the statute of frauds. 
B)  The promises do not fall within the statute of frauds because they involve material matters, not matters involving home and children. 
C)  The promises do not fall within the statute of frauds unless Sally can prove that she would not have married Bruce without the assurance of the Mercedes and the trip. 
D)  The promises fall within the statute of frauds unless Bruce can prove that Sally would have married him without the assurance of the Mercedes and the trip. 
E)  The promises would have fallen within the statute of frauds in earlier times in history, but would not fall within the statute of frauds in this day and time.

Question 16

Which of the following is a type of contract that does not fall within the scope of the statute of frauds?

Accepted Answer

A)  Contracts related to an interest in land 
B)  Promises made in consideration of marriage 
C)  Contracts related to any lease of land or equipment 
D)  Contracts whose terms prevent possible performance within one year 
E)  Contracts for one party to pay the debt of another if the initial party fails to pay 
A)  Contracts related to an interest in land 
B)  Promises made in consideration of marriage 
C)  Contracts related to any lease of land or equipment 
D)  Contracts whose terms prevent possible performance within one year 
E)  Contracts for one party to pay the debt of another if the initial party fails to pay

Question 17

If a contract's terms require that modification be in writing,oral modifications are inadmissible and unenforceable.

Accepted Answer

A) True 
 B)False

Question 18

A[n] ______ is a statement made in court,under oath,or at some stage during a legal proceeding in which a party against whom charges have been brought admits that an oral contract existed,even though the contract was required to be in writing.

Accepted Answer

A)  Admission 
B)  Submission 
C)  Deposition 
D)  Interrogatory 
E)  Confirmation 
A)  Admission 
B)  Submission 
C)  Deposition 
D)  Interrogatory 
E)  Confirmation

Question 19

Which of the following are debts incurred in an initial contract?

Accepted Answer

A)  Secondary obligations 
B)  Primary obligations 
C)  Secondary promises 
D)  Collateral promises 
E)  Suretyship promises 
A)  Secondary obligations 
B)  Primary obligations 
C)  Secondary promises 
D)  Collateral promises 
E)  Suretyship promises

Question 20

What types of contracts does the statute of frauds require to be in writing? Include in your answer contracts,if any,the UCC requires to be in writing.

Accepted Answer

The types of contracts for which the sta

Exam 18: Contracts in Writing

Within the statute of frauds,"land" encompasses not only the land and soil itself but anything ______ to the land.

Under the Uniform Commercial Code,contracts for the sale of goods totaling more than ______ must be in writing.

A[n] ______ agreement is a clause parties include in a written agreement that states that the written agreement accurately reflects the final,complete version of the agreement.

Set forth the eight exceptions to the parol evidence rule.

What is a purpose of the parol evidence rule?

Which of the following is an exception as to when a secondary obligation needs to be in writing?

According to the text,what are the three main purposes of the statute of frauds?

The purpose of the parol evidence rule is to prevent attempts to use only oral evidence to prove agreements.

Which of the following is true regarding writings created at the same time as a written agreement?

The concept of performance has no effect on the statute of frauds.

Which of the following is false regarding the statute of frauds and promises made in consideration of marriage?

The Uniform Electronic Transactions Act reflects the decision that electronic transactions do not constitute a written copy because the electronic transaction is not technically a written document.

Which of the following is true regarding Harry's assertion that the statute of frauds is left unsatisfied because he did not sign the document at the end?

Which of the following is a type of contract that falls within the scope of the statute of frauds?

Which of the following is true regarding Bruce's promises to Sally of a Mercedes and a trip?

Which of the following is a type of contract that does not fall within the scope of the statute of frauds?

If a contract's terms require that modification be in writing,oral modifications are inadmissible and unenforceable.

A[n] ______ is a statement made in court,under oath,or at some stage during a legal proceeding in which a party against whom charges have been brought admits that an oral contract existed,even though the contract was required to be in writing.

Which of the following are debts incurred in an initial contract?

What types of contracts does the statute of frauds require to be in writing? Include in your answer contracts,if any,the UCC requires to be in writing.

An Introduction to Dynamic Business Law

Business Ethics

The Uslegal System

Alternative Dispute Resolution

Constitutional Principles

International and Comparative Law

Crime and the Business Community

Tort Law

Negligence and Strict Liability

Product Liability

Liability of Accountants and Other Professionals

Intellectual Property

Introduction to Contracts

Agreement

Consideration

Capacity and Illegality

Reality of Assent

Third Party Rights to Contracts

Performance,Breach of Contract,discharge,and Remedies

Introduction to Sales and Lease Contracts

Title,Risk of Loss,and Insurable Interest

Performance and Obligations Under Sales and Lease Contracts

Remedies for Breach of Sales and Lease Contracts

Warranties

Negotiable Instruments: Negotiability and Transferability

Negotiation, Holder in Due Course, and Defenses

Liability,defenses,and Discharge

Checks and Electronic Fund Transfers

Secured Transactions

Other Creditors Remedies and Suretyship

Bankruptcy and Reorganization

Agency Formation and Duties

Liability to Third Parties and Termination

Forms of Business Organizations

Partnerships: Nature, Formation, and Operation

Partnerships: Termination and Limited Partnerships

Corporations: Formation and Financing

Corporations: Directors, Officers, and Shareholders

Corporations: Mergers, Consolidations, and Termination

Corporations: Securities and Investor Protection

Employment and Labor Law

Employment Discrimination

Administrative Law

Consumer Law

Environmental Law

Antitrust Law

The Nature of Property, Personal Property, and Bailments

Real Property

Landlord-Tenant Law

Insurance Law

Wills and Trusts

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