Question 1

Rocco orally agrees to sell his Spring Beverage Company to Thirsty Inc. Rocco notes the terms on a sheet of Spring stationery and signs it. This agreement is most likely enforceable against

Accepted Answer

A) no one. 
B) Spring and Thirsty. 
C) Rocco. 
D) Thirsty.

Question 2

ActioNOW and Becca enter into an oral contract in which Becca agrees to work on a project for ActioNOW for eighteen months. This contract is enforceable by

Accepted Answer

A) ActioNOW. 
B) Becca. 
C) any third party, such as ActioNOW's clients. 
D) none of the choices.

Question 3

A contract must be in writing to be enforceable if the contract makes performance possible within any definite period of time.

Accepted Answer

A) True 
 B)False

Question 4

Real Fries Inc. and Spud Farm discuss periodic deliveries of potatoes. Despite the absence of an invoice or other writing evidencing the terms of a deal, Spud begins to perform, and Real accepts the deliveries but refuses to pay. As a contract, this arrangement is most likely enforceable against

Accepted Answer

A) neither party. 
B) Spud only. 
C) Real only. 
D) Spud and Real, at least to the extent of the performance.

Question 5

Mako and Nico agree to buy and develop certain real estate. The parties intend their written contract to be a final statement of the terms, which are complex, lengthy, and subject to many conditions. This writing is

Accepted Answer

A) a completely integrated contract. 
B) a partially divisible contract. 
C) a partially integrated contract. 
D) a completely severable contract.

Question 6

Grain Co-op LLC and Hearty Cereals Inc. discuss the terms of a contract for deliveries of corn over a two-year period. This transaction falls within the provision of the Statute of Frauds involving

Accepted Answer

A) collateral promises. 
B) the one-year rule. 
C) all of the choices. 
D) transfers of interests in real property.

Question 7

Dick's Burgers enters into an oral contract with Equipment Warehouse for the purchase of a single-spindle milkshake mixer for $300. Assuming the terms can be proved, the contract is enforceable by

Accepted Answer

A) Dick's or Equipment. 
B) the manufacturer of the mixer. 
C) any third party with a material interest, such as one of Dick's suppliers. 
D) none of the choices.

Question 8

Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by

Accepted Answer

A) Duane or Evan. 
B) Duane, Evan, or Finance Bank. 
C) Finance Bank. 
D) none of the choices.

Question 9

An oral contract that would otherwise be unenforceable under the Statute of Frauds will not be enforced under the doctrine of promissory estoppel.

Accepted Answer

A) True 
 B)False

Question 10

A contract must be in writing to be enforceable if it cannot by its terms be performed within one year from the day after the contract's formation.

Accepted Answer

A) True 
 B)False

Question 11

A party who seeks the performance of an oral contract must prove that the contract existed.

Accepted Answer

A) True 
 B)False

Question 12

Rye agrees to sell his Taco Delight restaurant to Sati. The parties intend their written contract to be a final statement of the terms of their agreement. Later, the parties dispute some of the provisions. In litigation, Sati offers evidence to contradict the written terms. Most likely, the court will

Accepted Answer

A) exclude the evidence. 
B) reform the written terms to match the evidence. 
C) strike a balance between the evidence and the written terms. 
D) dismiss the case.

Question 13

Air Flo, Inc., and Banyan Grove Apartments enter into an oral contract in which Air Flo agrees to provide air-conditioning and heating maintenance for Banyan Grove's facilities for two years. This contract is enforceable by

Accepted Answer

A) Air Flo. 
B) Banyan Grove. 
C) any third party, such as a HVAC supplies provider. 
D) none of the choices.

Question 14

Hardware Store Company and Indestructible Tools Inc. sign a written contract for a sale of goods. To be enforceable, this written contract must include

Accepted Answer

A) a correct title, such as "Purchase Order" or "Sales Invoice." 
B) a date, such as "October 2019" or "10/2019." 
C) a quantity term, such as "50 hammers" or "100 boxes of assorted nails." 
D) the parties' contact information.

Question 15

Physicians Clinic orders by phone seven cases of disposable nitrile gloves from Quality Medical Supplies, Inc. After three cases are delivered and accepted, the clinic repudiates the contract. Quality Medical can enforce the contract to

Accepted Answer

A) any extent because the order was placed orally. 
B) no extent because the order was placed orally. 
C) the extent of the three accepted boxes. 
D) the extent of the four undelivered boxes.

Question 16

Waterfront Hotel Corporation in Boston offers a job to Carol, who lives in Denver. Carol orally agrees to work for Waterfront for two years. She moves her family to Boston and begins work. Three months later, she is fired for no stated cause. She files a suit against the employer for reinstatement or pay. Waterfront pleads the lack of a written contract. In whose favor is the court likely to rule, and why?

Accepted Answer

The answer of Waterfront Hotel Corporation in Boston offers a...

Question 17

Ben makes an appointment for a $50 haircut, buys a bike for $250, and agrees to work for Coding Associates for one year for $5,000 per month, starting at the beginning of next month. To be enforceable, a writing is required for

Accepted Answer

A) the appointment. 
B) the purchase. 
C) the employment agreement. 
D) none of the choices.

Question 18

Any contract involving consumer goods must be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 19

Elena offers to invest a certain amount in Falco's business if Falco marries Elena's daughter Glenna. This promise is enforceable

Accepted Answer

A) only if it is in writing. 
B) only if the amount of the investment is more than $500. 
C) only if Glenna agrees to marry Falco. 
D) under no circumstances.

Question 20

Solar Power LLC and Trey enter into an oral contract under which Solar agrees to provide Trey with lifetime employment. This contract may be enforceable by

Accepted Answer

A) Trey only. 
B) Solar only. 
C) any interested third party, such as a Solar supplier. 
D) either Solar or Trey.

Exam 16: The Writing Requirement

Rocco orally agrees to sell his Spring Beverage Company to Thirsty Inc. Rocco notes the terms on a sheet of Spring stationery and signs it. This agreement is most likely enforceable against

ActioNOW and Becca enter into an oral contract in which Becca agrees to work on a project for ActioNOW for eighteen months. This contract is enforceable by

A contract must be in writing to be enforceable if the contract makes performance possible within any definite period of time.

Real Fries Inc. and Spud Farm discuss periodic deliveries of potatoes. Despite the absence of an invoice or other writing evidencing the terms of a deal, Spud begins to perform, and Real accepts the deliveries but refuses to pay. As a contract, this arrangement is most likely enforceable against

Mako and Nico agree to buy and develop certain real estate. The parties intend their written contract to be a final statement of the terms, which are complex, lengthy, and subject to many conditions. This writing is

Grain Co-op LLC and Hearty Cereals Inc. discuss the terms of a contract for deliveries of corn over a two-year period. This transaction falls within the provision of the Statute of Frauds involving

Dick's Burgers enters into an oral contract with Equipment Warehouse for the purchase of a single-spindle milkshake mixer for $300. Assuming the terms can be proved, the contract is enforceable by

Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by

An oral contract that would otherwise be unenforceable under the Statute of Frauds will not be enforced under the doctrine of promissory estoppel.

A contract must be in writing to be enforceable if it cannot by its terms be performed within one year from the day after the contract's formation.

A party who seeks the performance of an oral contract must prove that the contract existed.

Air Flo, Inc., and Banyan Grove Apartments enter into an oral contract in which Air Flo agrees to provide air-conditioning and heating maintenance for Banyan Grove's facilities for two years. This contract is enforceable by

Hardware Store Company and Indestructible Tools Inc. sign a written contract for a sale of goods. To be enforceable, this written contract must include

Physicians Clinic orders by phone seven cases of disposable nitrile gloves from Quality Medical Supplies, Inc. After three cases are delivered and accepted, the clinic repudiates the contract. Quality Medical can enforce the contract to

Ben makes an appointment for a $50 haircut, buys a bike for $250, and agrees to work for Coding Associates for one year for $5,000 per month, starting at the beginning of next month. To be enforceable, a writing is required for

Any contract involving consumer goods must be in writing to be enforceable.

Elena offers to invest a certain amount in Falco's business if Falco marries Elena's daughter Glenna. This promise is enforceable

Solar Power LLC and Trey enter into an oral contract under which Solar agrees to provide Trey with lifetime employment. This contract may be enforceable by