FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 14: The Statute of Fraudswriting Requirement

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 31

Multiple Choice

Review LaterAdd Note

Review Later

Fitch agrees to assume Gandy's debt to Hybrid Seed Corporation.Fitch does not get any personal benefit for the agreement.To be enforceable,the promise

A) must be in writ?ing.
B) must be in writ?ing only if the debt is valued at $500 or more.
C) must be in writing only if the debt will not be repaid within one year.
D) need not be in writing.

Correct Answer

verified

Show Answer

Question 32

True/False

Review LaterAdd Note

Review Later

To be enforceable,a writing evidencing an oral contract that would otherwise be unenforceable must include every term.

Correct Answer

verified

Show Answer

Question 33

Multiple Choice

Review LaterAdd Note

Natalie agrees to assume Orina's debt to Consumer Credit Corporation.Natalie does not get any personal benefit for the agreement.To be enforceable,the promise must be in writing if the debt is for

A contract involving a sale is the only contract relating to an interest in land that must be in writing to be enforceable.

A contract that has not been fully performed by the end of a year from the day of its making must be rewritten to continue in force.

Parol evidence includes oral evidence that is outside a written contract and not incorporated into the contract expressly or by reference.

An oral contract for a sale of land may be enforceable if the contract has been partially performed.

To be enforceable,a writing evidencing an oral contract that would otherwise be unenforceable must include essential terms.

Ewald and First Star Company enter into an oral contract under which Ewald agrees to provide delivery service for First Star for nine months.This contract is enforceable by

Pablo and Melia enter into an oral contract for Pablo's sale to Melia of a laptop computer for $400.Assuming the terms can be proved,the contract is enforceable by

A contract for a sale of goods priced at $499 or less does not need to be in writing to be enforceable.

A contract must be in writing to be enforceable if its performance is possible within one year.

Ilsa and Jiffy Loan Company enter into an oral contract under which Ilsa agrees to pay Kyle's debt if he does not.Ilsa does not get any personal benefit from the agreement.This contract is enforceable by

An oral contract is not enforceable unless the parties admit to its existence in court.

Glen and Haj sign a written contract.Glen claims that the parties later orally agreed to modify the contract.Any oral modification is likely not enforceable if it falls under

Uri and Vicky orally agree on the sale of Uri's Nite Club to Vicky and note terms on a pair of the Club's napkins,which they both sign.A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain

Oral evidence of the modification of a contract after its making can be introduced at a trial.

Lyra induces Moe to enter into a contract for the sale of an apartment about which Lyra fraudulently misrepresents a number of material facts.Lyra tells Moe that her commission is 6 percent,but their signed,written contract states "12 percent." The Statute of Frauds governs

Delta,Inc.,agrees to assume a debt of Evenflo Company to First State Bank.The agreement is not in writing.To be enforceable,the promise must be for the benefit of

Timber,Inc.,and Wood Corporation enter into an oral contract for the sale of a lumber mill and the land on which it is situated from Timber to Wood.Under the Statute of Frauds,this contract is enforceable by