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Exam 14: The Statute of Fraudswriting Requirement

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Question 21

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An integrated contract is the final embodiment of the terms of an agreement.

A) True
B) False

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Question 22

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There are no exceptions to the Statute of Frauds.

A) True
B) False

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Question 23

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Oral evidence of otherwise clear terms in a contract can be introduced at a trial to contradict those terms.

Stuffed Fauna,Inc.,and Taxidermy Storage Company enter into a long-term lease for a warehouse.To be enforceable,the lease

Mei orally promises Nester that she will buy his fishing trawler for $10,000.Before either party acts in reliance on this promise,under the doctrine of promissory estoppel,the transaction is enforceable by

Elle buys a new textbook for $100 and a used car for $5,000,and signs a one-year lease for an apartment for $1,000 monthly rent to start at the beginning of the next month.The Statute of Frauds covers

Fact Pattern 14-1 (Questions 26-27 apply) Macho Marketing, Inc., and Nacho Food Corporation (NFC) discuss the terms of a contract. Macho faxes NFC a memo on Macho’s letterhead that summarizes the items on which they agree, including a two-year term. NFC begins to perform, but Macho refuses to pay. NFC begins to perform, but Macro refuses to pay. -Refer to Fact Pattern 14-1.Between Macho and NFC,the memo is

Nori files a suit against Mica to enforce an oral contract for the sale of lakeshore property that would otherwise be unenforceable under the Statute of Frauds.The court could enforce the deal if

Kirk Custodial Service and Green Energy Company enter into an oral contract under which Kirk agrees to provide custodial service for Green's facilities for two years.This contract is enforceable by

A contract may have to be in writing to be enforceable even if its performance is possible within a year.

Lem buys a used MP3 player for $50 and a new laptop for $1,500,and signs a one-year employment contract for a $4,000 monthly salary to start at the beginning of the next month.The Statute of Frauds covers

Sid induces Ty to enter into a contract for the sale of a warehouse about which Sid fraudulently misrepresents a number of material facts.Sid also tells Ty that his commission is 6 percent,but their signed,written contract states "12 percent." The parol evidence rule governs

The Statute of Frauds requires that fraud must be proved by a writing.

Evidence of prior agreements that differ from the written terms of a contract can be introduced in court to alter the contract.

A written contract for a transfer of land is enforceable.

Little's Video Store and Major TV Sales Corporation enter into an oral contract for Major's sale to Little's of eighteen DVD players for $80 each.After Little's takes possession of the players,but before it makes payment,this contract is

Clay buys an MP3 player for $200 and a pair of stereo speakers for $600 from a Discount City store,and downloads $300 worth of digital music from E-Music.com.To be enforceable,the contract that must be in writing is the purchase of

No collateral promise needs to be in writing to be enforceable.

Theo and Uma orally agree on the sale of Theo's Fitness Center to Uma and note the terms on a sheet of the center's letterhead stationery,which only Theo signs.This agreement is most likely enforceable against

A prenuptial agreement does not have to be in writing to be enforceable.