Exam 14: Statute of Frauds and Equitable Exceptions

In which of the following cases is parol evidence admitted by a court?

Built-in cabinets in a house would be considered as permanent parts of the real property.

In most states, contracts for the sale of goods for $900 do not require to be in writing.

Promissory estoppel is an equitable doctrine that permits enforcement of oral contracts that should have been in writing.

A guaranty contract between people with no bad credit history can be oral.

A ________ is a person who agrees to pay a debt if the primary debtor does not.

A right to use someone else's land without owning or leasing it is called ________.

The doctrine of ________ allows the court to order an oral contract for the sale of land or transfer of another interest in real property to be specifically performed if it has been partially performed and performance is necessary to avoid injustice.

Which of the following statements is true of the writing requirement of contracts, according to the Statute of Frauds?

Under the Statute of Frauds, any contract that transfers an ownership interest in real property must be in writing to be enforceable.

Any oral or written words outside the four corners of a written contract are termed as ________.

While interpreting contract words and terms, specific terms are presumed to qualify general terms.

How are contract words and terms interpreted?

The ________ requires certain contracts to be in writing.

An easement contract occurs when one person agrees to answer for the debts or duties of another person.

Tom and Jerry agreed orally that Tom would sell his condominium to Jerry. It was agreed that Jerry would pay Tom $1,000 per month for 8 years as well as paying property taxes and maintenance costs for the condominium. Four years into the arrangement, the condominium had increased in value significantly, and Tom wanted to rescind the oral agreement. What doctrine could be applied by a court to reach justice? Explain the doctrine.

According to the Statute of Frauds, an executory contract that cannot be performed by its own terms within one year of its formation must be in writing.

In a guaranty situation, the original contract is between the ________.

In a guarantee situation, the guarantor's liability is secondary.

Explain the doctrine of equitable estoppel.