Exam 6: Writing,formality,and E-Commerce Signature Law

Sam and Betty sign a written contract on June 1 in which Sam will sell his 1999 Honda Accord to Betty for $10,000,not including the CD player which is mounted in the trunk.Sam will remove the CD player from the car and keep it.They will exchange the car and money on June 10.On June 8,Betty tells Sam she will pay an extra $100 if he will include the CD player and Sam agrees.Which is true?

An oral contract for the sale of land is:

The equitable doctrine that permits enforcement of oral contracts that should have been in writing is known as:

A contract for the purchase of a bicycle states that the sale is made without any warranty and includes no service.In a separate paragraph of the contract it states that the seller will make free adjustments to the bicycle one time between 30 and 60 days after the purchase.This contract:

Buyer and Seller enter into an agreement on April 26 for the sale of a piece of equipment for $595.This agreement is in writing and calls for delivery and payment on June 1.On May 10,the Buyer and Seller orally agree to reduce the price to $495 because the Buyer has agreed to delay the delivery date to July 1.Which of the following is true?

Even if a contract is required to be in writing by the Statute of Frauds,the parties may voluntarily perform the contract if they so choose.

How should an e-mail message be evaluated for meeting the Statute of Frauds requirements for a writing? How should the signature requirement be interpreted?

If Amy hires Cyrina,a licensed real estate agent and broker,to sell his cabin,the contract does not have to be in writing as long as Cyrina's real estate license is in writing.

Under the UCC Statute of Frauds,a contract for the sale of goods for the price of $500 must be in writing.

Under the doctrine of promissory estoppel,the promisor is prevented from asserting the Statute of Frauds as a defense to the enforcement of an oral contract.

The physical attachment of several documents to form one contract may be allowed as long as the attachment indicates a party's intent to show integration.

If a contract is not enforced on the basis of the Statute of Frauds,the court has based its decision on the presence of which type of fraud:

In a guarantee situation,there are only two parties involved.

When a contract for the sale of goods is modified such that the total price due under the contract is modified,under what circumstances must the agreement to modify be in writing?

The parol evidence rule does not apply to agreements made after the primary agreement.

A contract for the sale of land:

The 1-year period for determining whether a contract is required to be in writing under the Statute of Frauds is measured from the date that:

Which of the following contracts is required to be in writing under the Statute of Frauds?

The "part performance" exception to the Statute of Frauds would allow an oral contract for the transfer of land to be enforced if the buyer had taken possession of and/or paid for the land.

The primary purpose of the Statute of Frauds is to ensure that the terms of important contracts are not forgotten,misunderstood,or fabricated.