Exam 16: The Writing Requirement and Electronic Records

Colette and Dealership Auto Sales Company enter into an oral contract under which Dealership Auto agrees to provide Colette with lifetime employment.This contract may be enforceable by

The writing requirement under the Statute of Frauds means that an agreement must be a formal written contract.

Oral evidence of otherwise clear terms in a contract can be introduced at a trial to contradict those terms.

A contract for a sale of goods priced at $501 must be in writing to be enforceable.

Guardian Security,Inc.,and Hedge Fund Corporation enter into an oral contract under which Guardian Security agrees to provide security services for Hedge Fund offices for as long as Hedge Fund needs them.This contract may be enforceable by

Abner tells a representative of Brass & Woodwind Musical Instruments,Inc.,that he will pay for Claudia's trumpet if she does not.Abner does not secure any personal benefit for this promise.Abner's oral promise is enforceable as a contract by

The Convention on Contracts for the International Sale of Goods incorporates the UCC's Statute of Frauds provision.

A prenuptial agreement must be in writing to be enforceable under the Statute of Frauds.

To be enforceable,a memorandum evidencing an oral contract that would otherwise be unenforceable must include all essential and non-essential terms.

Lucas orally agrees to sell his Mountain Spring Beverage Company to Natural Soft Drinks,Inc.Lucas notes the terms on a sheet of Mountain Spring stationery and signs it.This agreement is most likely enforceable against

Fact Pattern 16-B1 (Questions B18-B19 apply) Alain and Brie sign a contract for the sale of Alain's Coffee Café to Brie.The parties intend their written contract to be a final statement of most,but not all,of the terms of their agreement-Alain must first buy the building from Developed Commercial Properties,Inc.,after which Alain and Brie will negotiate a price. -Refer to Fact Pattern 16-B1.The writing that Alain and Brie signed is

Quest Holdings,Inc.,orally contracts for a lease of its facilities to Ray to use for his Swamp & Bayou Fishing Camp.Ray pays part of the rent,takes possession,and improves the property for use by his enterprise.The contract is most likely enforceable by

Benito orally promises Carolina that he will buy her modified 1968 Dodge Charger.For this promise to be enforceable under the doctrine of promissory estoppel,

Any collateral promise falls outside the Statute of Frauds and does not need to be in writing to be enforceable.

Sonya and Taylor enter into an oral contract that is required to be in writing to be enforceable.Such a contract is normally

A contract that can,by its own terms,be performed within one year from the day after the contract is formed must be in writing to be enforceable under the Statute of Frauds.

Sea Harvest Fish Company and Temp Refrigerated Storage Company enter into a long-term lease for a warehouse.To be enforceable,the lease must be in writing

Commercial Decor,Inc.,files a suit against Discount Mart Corporation,asking the court to enforce an oral contract between the parties under the doctrine of promissory estoppel.This doctrine applies in

Best Silo Storage applies for a business loan from County Credit Union.To help Best Silo get the loan so that it will be able to stay in business and fulfill a deal it has made with her,Dakota promises the credit union's loan officer that she will repay the loan if Best Silo does not.To be enforceable,Dakota's promise

Eleanora offers Flossy the amount of an investment in Flossy's start-up business venture if she marries Eleanora's son Glenn.This promise is enforceable