Exam 15: Contracts in Writing

The UCC requires that all contracts for the sale of goods must be in writing or in proper electronic form.

The word "parol" literally means release.

The  2001 Revisions to Article 1,  adopted by all fifty states,  have  deleted the requirement  that contracts for the sale of other personal property for more than $5,000 be in writing.

The parol evidence rule applies to partially written agreements.

Under the Restatement and the Code, when can supplemental evidence be used with a written contract?

Which of the following is an exception to the suretyship provision requirement under the statute of frauds?

A number of courts have used the doctrine of promissory estoppel to displace the requirement of a writing by enforcing oral contracts within the statute of frauds.

Which of the following would NOT require a writing under the statute of frauds?

Would a letter written after the execution of a contract and which contained agreements different from those in the written contract be admissible under the parol evidence rule?

An employment contract that is in any way capable of being performed within one year from the date of the agreement falls within the requirements of the statute of frauds.

Parol evidence refers only to any oral evidence that is outside an integrated written contract and not incorporated into it, either directly or by reference.

Under the majority rule, the test under the one-year provision of the statute of frauds is whether it is likely that the contract will be completed within one year.

Under the UCC, __________ refers to the manner and extent to which the respective parties to a contract have accepted successive tenders of performance by the other party without objection.

The parol evidence rule does not prevent the use of evidence that a party would like to use to establish the defense of fraud, duress, or undue influence.

Which of the following is untrue with regard to the interpretation of contracts?

An oral contract for the transfer of an interest in land may be enforced if the party seeking enforcement has so changed his position in reasonable reliance on the contract that a court can prevent injustice only by enforcing the contract.

In order to be sufficient, an agreement required to be written under the statute of frauds must be signed at the bottom and notarized.

The suretyship provision rule within the statute of frauds applies to cases involving one party promising to perform the duty of another party to yet a third party.

The main purpose doctrine is a court-developed exception to the suretyship provision.

The parol evidence rule is: