Question 1

Raymond agrees to transfer an easement right to Sandra for $1,000.This contract is within the statute of frauds and therefore needs to be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 2

Vicki entered into a written contract to buy a car from Valley Motors.The written contract included a provision that stated,"This writing is the full and final expression of the parties' agreement;anything said before signing or while signing is irrelevant." This is:

Accepted Answer

A) an integration clause. 
B) a statute of frauds clause. 
C) parol evidence. 
D) an exculpatory clause. 
A) an integration clause. 
B) a statute of frauds clause. 
C) parol evidence. 
D) an exculpatory clause.

Question 3

In order to satisfy the statute of frauds,a writing must:

Accepted Answer

A) be a formal written document drafted by an attorney. 
B) be signed by the defendant and contain the name of each party,the subject matter of the agreement,and the essential terms and promises. 
C) be notarized. 
D) All of the above. 
A) be a formal written document drafted by an attorney. 
B) be signed by the defendant and contain the name of each party,the subject matter of the agreement,and the essential terms and promises. 
C) be notarized. 
D) All of the above.

Question 4

The Uniform Electronic Transmission Act (UETA):

Accepted Answer

A) declares that a contract or signature may not be denied enforceability just because it is in electronic form. 
B) was passed by Congress in 2002. 
C) creates a safe cyberspace environment in which business communications cannot be intercepted or fraudulently altered. 
D) All of the above. 
A) declares that a contract or signature may not be denied enforceability just because it is in electronic form. 
B) was passed by Congress in 2002. 
C) creates a safe cyberspace environment in which business communications cannot be intercepted or fraudulently altered. 
D) All of the above.

Question 5

List the types of agreements that are within the statute of frauds and explain the consequences if the parties do not comply with the requirements of the statute of frauds.

Accepted Answer

Agreements requiring a writing within th

Question 6

Amy Hudson has been trying to purchase Glen Cappel's antique desk for some time,but Glen has been reluctant to sell.One evening Glen said to Amy,"Okay,I'll sell the desk for $550." Amy replied,"Thank you,Glen.I accept." The agreement was not reduced to writing,but Glen and Amy did shake hands.Two days later,Amy sent Glen a letter outlining the terms of the agreement,and stating that she would deliver $550 cash according to the agreement within ten days.The letter was signed,"Best regards,Amy." Later,Amy had second thoughts,and refused to go through with the purchase.Nothing had been exchanged at this point.Glen:

Accepted Answer

A) can enforce the contract against Amy because the statute of frauds is satisfied under this situation. 
B) cannot enforce the contract against Amy because her signature was inadequate without her last name under the statute of frauds. 
C) cannot enforce the contract against Amy because he did not sign the letter. 
D) can enforce the contract because they shook hands on the agreement. 
A) can enforce the contract against Amy because the statute of frauds is satisfied under this situation. 
B) cannot enforce the contract against Amy because her signature was inadequate without her last name under the statute of frauds. 
C) cannot enforce the contract against Amy because he did not sign the letter. 
D) can enforce the contract because they shook hands on the agreement.

Question 7

Tuan is president and sole shareholder of Entertainment,Inc.Entertainment,Inc.wishes to borrow money,but to do so,the bank requires Tuan to orally agree to personally pay the debt of the corporation if Entertainment,Inc.cannot.Tuan's guarantee to repay is:

Accepted Answer

A) enforceable under the parol evidence rule. 
B) unenforceable because there is no insurable interest. 
C) enforceable because of the leading object rule. 
D) unenforceable because it is a collateral promise. 
A) enforceable under the parol evidence rule. 
B) unenforceable because there is no insurable interest. 
C) enforceable because of the leading object rule. 
D) unenforceable because it is a collateral promise.

Raymond agrees to transfer an easement right to Sandra for $1,000.This contract is within the statute of frauds and therefore needs to be in writing to be enforceable.

Vicki entered into a written contract to buy a car from Valley Motors.The written contract included a provision that stated,"This writing is the full and final expression of the parties' agreement;anything said before signing or while signing is irrelevant." This is:

In order to satisfy the statute of frauds,a writing must:

The Uniform Electronic Transmission Act (UETA):

List the types of agreements that are within the statute of frauds and explain the consequences if the parties do not comply with the requirements of the statute of frauds.

Tuan is president and sole shareholder of Entertainment,Inc.Entertainment,Inc.wishes to borrow money,but to do so,the bank requires Tuan to orally agree to personally pay the debt of the corporation if Entertainment,Inc.cannot.Tuan's guarantee to repay is:

Introduction to Law

Business Ethics and Social Responsibility

Dispute Resolution

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Torts and Product Liability

Crime

International Law

Introduction to Contracts

Agreement

Consideration

Legality

Capacity and Consent

Third parties

Performance and Discharge

Remedies

practical Contracts

Introduction to Sales

Ownership and Warranties

Performance and Remedies

Negotiable Instruments

Secured Transactions

Bankruptcy

Agency

Employment and Labor Law

Employment and Discrimination

Starting a Business

Corporations

Government Regulations:Securities and Antitrust

Consumer Protection

Cyberlaw

Intellectual Property

Real and Personal Property

Filters

Exam 14: Written Contracts

Raymond agrees to transfer an easement right to Sandra for $1,000.This contract is within the statute of frauds and therefore needs to be in writing to be enforceable.

Vicki entered into a written contract to buy a car from Valley Motors.The written contract included a provision that stated,"This writing is the full and final expression of the parties' agreement;anything said before signing or while signing is irrelevant." This is:

In order to satisfy the statute of frauds,a writing must:

The Uniform Electronic Transmission Act (UETA):

List the types of agreements that are within the statute of frauds and explain the consequences if the parties do not comply with the requirements of the statute of frauds.

Tuan is president and sole shareholder of Entertainment,Inc.Entertainment,Inc.wishes to borrow money,but to do so,the bank requires Tuan to orally agree to personally pay the debt of the corporation if Entertainment,Inc.cannot.Tuan's guarantee to repay is:

Introduction to Law

Business Ethics and Social Responsibility

Dispute Resolution

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Torts and Product Liability

Crime

International Law

Introduction to Contracts

Agreement

Consideration

Legality

Capacity and Consent

Third parties

Performance and Discharge

Remedies

practical Contracts

Introduction to Sales

Ownership and Warranties

Performance and Remedies

Negotiable Instruments

Secured Transactions

Bankruptcy

Agency

Employment and Labor Law

Employment and Discrimination

Starting a Business

Corporations

Government Regulations:Securities and Antitrust

Consumer Protection

Cyberlaw

Intellectual Property

Real and Personal Property

Filters