Deck 11: Written Contracts

Question 1

​ Courts will always permit spoken words to add to or modify the terms of a written contract that appears to be complete.

Answer 1

False

Question 2

​ Which of the following is true of the parol evidence rule?

A)It allows a written contract to be modified by oral testimony if there is evidence of fraud.
B)It assumes that an oral contract represents the complete agreement.
C)It rules out oral testimony as a way to edit a written contract in any situation.
D)It involves making modifications to an oral testimony if there is proof of accident or error.

Answer 2

A

Question 3

The Statute of Frauds requires a written memorandum to contain all information on one piece of paper.

Answer 3

False

Question 4

Which of the following constitutes an exception to the Statute of Frauds requirement that a contract be in writing?

A)The promise to pay one's own debt, rather than a promise to pay the debt or another
B)An executor contracting to pay the debts of a deceased person's estate from his or her personal funds
C)An agreement the terms of which cannot be performed within one year from the time it is made
D)An agreement to sell land

Question 5

The Statute of Frauds recognizes electronic signatures as legally enforceable. ​

Question 6

According to the Statute of Frauds, an agreement to sell goods for $500 or more must be in writing. ​

Question 7

​ The parol evidence rule assumes that a written contract represents the complete agreement.

Question 8

​ What is the Statute of Frauds?

A)It is a law requiring certain contracts to be oral.
B)It is a law requiring certain contracts to be put in writing.
C)It is a law prohibiting both active and passive fraud.
D)It is a law prohibiting contracts made under duress.

Question 9

​ Under the Statute of Frauds, a written note or memorandum may suffice if it is signed by the party against whom the claim for breach of contract is made.

Question 10

Parol evidence refers to: ​

A)a written memorandum.
B)spoken words.
C)a writ of certiorari.
D)a default. ​

Question 11

The Statute of Frauds states that the memorandum must contain more essential terms than the written contract. ​

Question 12

Every state has an identical list of types of contracts required by law to be in writing in order to be enforceable. ​

Question 13

A lease of real property for less than one year must be in writing in order to be binding. ​

Question 14

​ Default refers to:

A)a breach of any contractual obligation.
B)an oral testimony to perform an obligation.
C)a written rule that may not be modified.
D)an obligation to pay money.

Question 15

All contracts must be in writing to be enforceable. ​

Question 16

When a party sues to enforce an alleged contract that falls under the Statute of Frauds, the law requires that:

A)the contract be evidenced by signatures on paper and not electronic signatures.
B)the contract be evidenced by a writing signed by a maximum of one party.
C)there be a note in writing signed by the party against whom the claim for breach of contract is made.
D)the note required by the Statute of Frauds must set forth all the material terms of the transaction in case of the sale of goods.

Question 17

The Statute of Frauds' requirement of writing applies if the main purpose of the promise is to gain some advantage for the promisor. ​

Question 18

What is the parol evidence rule? Explain. ​

Question 19

Which of the following is an advantage of a written contract over an oral one?

A)Written contracts are always enforceable.
B)The existence of a contract cannot be denied if it is in writing.
C)All contracts of importance must be in written form.
D)Putting a contract in writing eliminates all mistakes.

Question 20

Which of the following types of agreements according to the Statute of Frauds need to be in writing?.

A)An agreement to sell goods for $499 or less
B)An agreement to rent an apartment for one month
C)An agreement in which the terms can be performed within one year from the time it is made
D)An agreement containing a promise in consideration of marriage