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Exam 14: Written Contracts

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Question 21

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A party's signature must be at the end of a writing for the writing to constitute an enforceable contract.

A) True
B) False

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Question 22

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Fact Pattern 14 - 1 Grain Co-op LLC and Hearty Cereals Inc. discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay. Refer to Fact Pattern 14 - 1. The transaction between Grain and Hearty falls within the provision of the Statute of Frauds involving

A) collateral promises.
B) the one-year rule.
C) sales of goods.
D) secondary contracts.

E) A) and B)
F) A) and C)

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Question 23

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Parol evidence is testimony or other evidence about communications between the parties not contained in the written contract.

Colin and Delta Water Company enter into an oral contract under which Delta agrees to provide Colin with lifetime employment. This con-tract may be enforceable by

A contract for the sale of land does not ordinarily involve the entire interest in the real property, such as buildings, growing crops, vegetation, timber, and fixtures.

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

Quinn and Ruth orally agree on the sale of Seafood Shippers Inc. and jot down the terms on the back of one of Seafood's blank invoices, which they both sign. A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain

To be enforceable, a memorandum evidencing an oral contract must include the essential terms of the contract.

A written contract or a written memorandum signed by the party who seeks to enforce it will satisfy the Statute of Frauds.

Under the Statute of Frauds, a contract involving an interest in land must be oral or written to be enforceable.

An oral contract may be enforceable if the person making the promise could foresee that the promisee would rely on the promise.

Fred agrees to assume a debt owed by Guitars Inc. to Home Bank. The agreement is not in writing. To be enforceable under the "main purpose" rule, the promise must be for the benefit of

Hal's Hardware Stores and Indelible Tools, Inc., sign a written contract for a sale of goods. To be enforceable, this written contract must include

Ray agrees to buy one hundred pounds of almonds from Sol. To be enforceable, the agreement must be in writing if the almonds cost at least

A contract in which a party assumes a secondary obligation must be in writing to be enforceable.

Builders Corporation files a suit against Concrete Company to enforce a written contract. If the court finds that the parties intended the contract to be the final statement of their agreement, parol evidence can be admitted to prove

Nate promises to pay for dental services provided by Otto to Polly. Nate receives no personal benefit for the promise. To be enforceable, the promise must be in writing if

The primary purpose of the Statute of Frauds is to ensure that all parties to a contract understand all of the terms of the contract.

When the terms of a written contract are ambiguous, parol evidence is admissible to show the meaning of the terms.

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