Exam 13: Form of Contracts

Antenuptial agreements often include a provision whereby they do not expire over an extended period of time.

To be enforceable, agreements that cannot be completed in less than one year:

All contracts to sell real property, or any interest in it, must be in writing to be enforceable.

If the life of an agreement is indefinite and there is a possibility of it being completed within a year, the agreement need not be in writing to be enforceable.

A contracting party intending to authenticate a written agreement may use any symbol as their:

The element of proper form requires that certain contracts must be:

Any agreements to sell an interest in real property must be:

The Statute of Frauds applies to executory contracts only.

A guaranty, or promise, to pay the debts or settle the wrongdoings of another if he or she does not make settlement personally is not enforceable unless it is written.

It is stated that the terms of a written contract may not be changed by evidence of any prior agreement but may be explained, or supplemented, by the:

The parol evidence rule refers to the addition of supplementary evidence or conditions that a party wants added to a written contract.

If there is full performance of an oral agreement to sell real property, the contract does not need to be in writing.

The Statute of Frauds only specifies that certain contracts must be in writing to be:

An exchange of promises made by persons planning to marry is known as a(n):

Give an example of a contract that does not need to be in writing.

A(n) __________________ has legal authority to arrange for the distribution of the assets of a deceased person.

Are prenuptial agreements enforceable? Explain why or why not.

To satisfy the Statute of Frauds, a written contract or agreement must contain a description of the consideration promised.

In auction sales, in which goods are sold to the highest bidder, the sale is completed at the:

The parol evidence rule states that any spoken or written words that are in conflict with what the written contract states cannot be introduced as evidence in a court of law.