Question 1

A fully executory,bilateral contract that cannot be performed within a year after it is made need not be evidenced by a writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 2

Oral evidence may be introduced to help resolve ambiguities in a written contract.

Accepted Answer

A) True 
 B)False

Question 3

Explain the writing requirement under the UCC and U.N.'s Convention on the International Sale of Goods.

Accepted Answer

The UCC specifies that contracts for the...

Question 4

Contracts that are required to be in writing by the statute of frauds are:

Accepted Answer

A)  all promises for the international sale of goods.
B)  contracts transferring an interest in land.
C)  contracts predicated on a condition precedent.
D)  contracts for the sale of goods costing less than $500.E) All of the above
F) B) and C)

Question 5

For the requirement that certain types of contracts must be in writing,promissory estoppel is an exception to:

Accepted Answer

A)  collateral guaranty contracts.
B)  transfers of interest in land.
C)  an executor's agreement to personally pay a decedent's debts.
D)  a contract varied by parol evidence.E) A) and D)
F) A) and C)

Question 6

A person's promise made on an original contract is identical to the promise a third party makes on a guaranty contract.

Accepted Answer

A) True 
 B)False  False

Question 7

Paulsen and Warren enter into a written contract.Warren later sues Paulsen for breaking a certain oral promise that Warren alleges is part of their deal.Paulsen's oral promise is not included in the terms of the written contract.At trial,Warren attempts to introduce evidence about the oral promise,and Paulsen's attorney objects to the admission of the evidence on the ground that it violates the parol evidence rule.A court would refuse to admit evidence about Paulsen's oral promise if:

Accepted Answer

A)  the oral promise was made after the written contract was signed.
B)  the oral promise was made before the written contract was signed and contradicts a term of the written contract.
C)  the written contract is partially integrated and the oral promise is consistent with the terms of the written contract.
D)  the evidence about the oral promise is being offered to prove that Warren entered into the contract as a result of Paulsen's fraud.E) A) and D)
F) C) and D)

Question 8

Why do contracts that involve the executors' agreements to personally pay their decedents' debts that are covered by the statute of frauds to be in writing to be enforceable?

Accepted Answer

When a person dies,an executor or admini...

Question 9

On April 1,2005 Parker entered an oral contract with Wilkins in which Parker promised to work for Wilkins for three years for a salary of $40,000 per year.On April 5,2005,Wilkins called Parker and repudiated the contract,stating that he had decided not to hire him after all.If Parker sues Wilkins for breach of contract:

Accepted Answer

A)  Wilkins will win because the contract violates the statute of frauds.
B)  Wilkins will lose because the contract is enforceable.
C)  Wilkins will win because the contract violates the parol evidence rule.
D)  Wilkins will lose because his main purpose in promising to hire Parker was to benefit himself.E) C) and D)
F) A) and B)

Question 10

Miriam makes an oral agreement with John to sell him 200 acres of prime farmland for a mere $500.Their agreement is:

Accepted Answer

A)  enforceable in accordance with the statute of frauds.
B)  covered by the statute of limitations.
C)  enforceable only if promissory estoppel applies.
D)  unenforceable as it lacks a writing as required by the statute of frauds.E) A) and B)
F) A) and D) D

Question 11

Harold makes an oral agreement to purchase Tina's boat for $700.Under the UCC:

Accepted Answer

A)  the contract is voidable.
B)  the contract is barred by promissory estoppel.
C)  the agreement is barred by the statute of frauds.
D)  the contract can be enforced without a writing.E) B) and C)
F) All of the above

Question 12

Which of the following is a basic Code writing requirement?

Accepted Answer

A)  That the entire contract be in writing,always in the form of a letter.
B)  That the written evidence indicates the quantity of goods sold.
C)  That the written evidence be compulsorily signed by both the parties.
D)  That the essential terms of the contract and the parties' signatures were contained in more than one document.E) B) and D)
F) A) and B)

Question 13

If an oral contract has been declared unenforceable by the court,yet one of the parties has rendered some performance under the contract that conferred benefits on the other party,he/she can recover the reasonable value of the performance in:

Accepted Answer

A)  collateral enforcement.
B)  quasi contract.
C)  the statute of frauds.
D)  parol evidence.E) A) and C)
F) A) and B)

Question 14

When a contract is partly printed and partly written:

Accepted Answer

A)  the written terms control the printed terms.
B)  ambiguities are resolved in favor of the party who drafted the contract.
C)  the printed terms control the written terms.
D)  the meanings of printed words are controlled by trade usage.E) C) and D)
F) A) and B)

Question 15

Explain with an example how the parol evidence rule is a potential source of danger for parties who reduce their agreements to written form.

Accepted Answer

The parol evidence rule says that a part...

Question 16

Sunny makes an oral agreement with WudWerks to create 100 custom-made chairs for her restaurant for $14,000.After WudWerks had shifted around their production schedule to produce the chairs,Sunny calls WudWerks and says that she no longer wants the chairs and that their deal is off.Under this scenario:

Accepted Answer

A)  the parties' agreement is executory bilateral.
B)  the agreement falls within the statute of frauds exception for specially-manufactured goods.
C)  the parties' agreement is collateral.
D)  the parties' agreement is unenforceable and the buyer is protected under the statute of frauds.E) A) and B)
F) C) and D)

Question 17

"Parol evidence" refers to:

Accepted Answer

A)  the evidence given at a parole hearing.
B)  the idea that when the parties to an agreement have expressed their agreement in a complete,unambiguous writing,the writing is the best evidence of their intent.
C)  the rule requiring that certain types of perjury (lying under oath) concerning the evidence in a case results in criminal sentences without possibility of parole.
D)  the equitable doctrine of promissory estoppel.E) B) and D)
F) A) and D)

Question 18

Oral evidence may be introduced to "fill the gaps" in an incomplete written contract.

Accepted Answer

A) True 
 B)False

Question 19

A famous publisher makes an oral deal with Professor Cullison to write a new Legal Ethics book.The parties agree that Professor Cullison's work will be due in five years.Under this scenario,the contract is:

Accepted Answer

A)  enforceable.
B)  unenforceable.
C)  void.
D)  illegal.E) A) and B)
F) A) and C) B

Question 20

Leroy writes a letter that said,"I agree to sell to Jay 5 modern art paintings" and he signs the letter.What happens according to the code if Jay is a merchant and he receives this writing from Leroy and does not object in writing within 10 days after receiving it?

Accepted Answer

A)  Jay would have a good statute of fraud defense as he has not signed the contract.
B)  Jay loses his statute of fraud defense.
C)  It will be considered as a void contract.
D)  Leroy will be prevented by the statute of frauds to take the case to the court.E) A) and C)
F) B) and C)

Exam 16: The Form and Meaning of Contracts

A fully executory,bilateral contract that cannot be performed within a year after it is made need not be evidenced by a writing to be enforceable.

Correct Answer
verified

Oral evidence may be introduced to help resolve ambiguities in a written contract.

Correct Answer
verified

Explain the writing requirement under the UCC and U.N.'s Convention on the International Sale of Goods.

Correct Answer
verified
The UCC specifies that contracts for the...
View Answer

Contracts that are required to be in writing by the statute of frauds are:

Correct Answer
verified

For the requirement that certain types of contracts must be in writing,promissory estoppel is an exception to:

Correct Answer
verified

A person's promise made on an original contract is identical to the promise a third party makes on a guaranty contract.

Correct Answer
verified
False

Correct Answer
verified

Why do contracts that involve the executors' agreements to personally pay their decedents' debts that are covered by the statute of frauds to be in writing to be enforceable?

Correct Answer
verified
When a person dies,an executor or admini...
View Answer

Correct Answer
verified

Miriam makes an oral agreement with John to sell him 200 acres of prime farmland for a mere $500.Their agreement is:

Correct Answer
verified
D

Harold makes an oral agreement to purchase Tina's boat for $700.Under the UCC:

Correct Answer
verified

Which of the following is a basic Code writing requirement?

Correct Answer
verified

If an oral contract has been declared unenforceable by the court,yet one of the parties has rendered some performance under the contract that conferred benefits on the other party,he/she can recover the reasonable value of the performance in:

Correct Answer
verified

When a contract is partly printed and partly written:

Correct Answer
verified

Explain with an example how the parol evidence rule is a potential source of danger for parties who reduce their agreements to written form.

Correct Answer
verified
The parol evidence rule says that a part...
View Answer

Correct Answer
verified

"Parol evidence" refers to:

Correct Answer
verified

Oral evidence may be introduced to "fill the gaps" in an incomplete written contract.

Correct Answer
verified

A famous publisher makes an oral deal with Professor Cullison to write a new Legal Ethics book.The parties agree that Professor Cullison's work will be due in five years.Under this scenario,the contract is:

Correct Answer
verified
B

Leroy writes a letter that said,"I agree to sell to Jay 5 modern art paintings" and he signs the letter.What happens according to the code if Jay is a merchant and he receives this writing from Leroy and does not object in writing within 10 days after receiving it?

Correct Answer
verified

Exam 16: The Form and Meaning of Contracts

A fully executory,bilateral contract that cannot be performed within a year after it is made need not be evidenced by a writing to be enforceable.

Correct AnswerverifiedShow Answer

Oral evidence may be introduced to help resolve ambiguities in a written contract.

Correct AnswerverifiedShow Answer

Explain the writing requirement under the UCC and U.N.'s Convention on the International Sale of Goods.

Correct AnswerverifiedThe UCC specifies that contracts for the...View AnswerShow Answer

Contracts that are required to be in writing by the statute of frauds are:

Correct AnswerverifiedShow Answer

For the requirement that certain types of contracts must be in writing,promissory estoppel is an exception to:

Correct AnswerverifiedShow Answer

A person's promise made on an original contract is identical to the promise a third party makes on a guaranty contract.

Correct AnswerverifiedFalse

Correct AnswerverifiedShow Answer

Why do contracts that involve the executors' agreements to personally pay their decedents' debts that are covered by the statute of frauds to be in writing to be enforceable?

Correct AnswerverifiedWhen a person dies,an executor or admini...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Miriam makes an oral agreement with John to sell him 200 acres of prime farmland for a mere $500.Their agreement is:

Correct AnswerverifiedD

Harold makes an oral agreement to purchase Tina's boat for $700.Under the UCC:

Correct AnswerverifiedShow Answer

Which of the following is a basic Code writing requirement?

Correct AnswerverifiedShow Answer

If an oral contract has been declared unenforceable by the court,yet one of the parties has rendered some performance under the contract that conferred benefits on the other party,he/she can recover the reasonable value of the performance in:

Correct AnswerverifiedShow Answer

When a contract is partly printed and partly written:

Correct AnswerverifiedShow Answer

Explain with an example how the parol evidence rule is a potential source of danger for parties who reduce their agreements to written form.

Correct AnswerverifiedThe parol evidence rule says that a part...View AnswerShow Answer

Correct AnswerverifiedShow Answer

"Parol evidence" refers to:

Correct AnswerverifiedShow Answer

Oral evidence may be introduced to "fill the gaps" in an incomplete written contract.

Correct AnswerverifiedShow Answer

A famous publisher makes an oral deal with Professor Cullison to write a new Legal Ethics book.The parties agree that Professor Cullison's work will be due in five years.Under this scenario,the contract is:

Correct AnswerverifiedB

Leroy writes a letter that said,"I agree to sell to Jay 5 modern art paintings" and he signs the letter.What happens according to the code if Jay is a merchant and he receives this writing from Leroy and does not object in writing within 10 days after receiving it?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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The UCC specifies that contracts for the...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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False

Correct Answer
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Correct Answer
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When a person dies,an executor or admini...
View Answer

Correct Answer
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Correct Answer
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D

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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The parol evidence rule says that a part...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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B

Correct Answer
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