Question 1

A written con?tract for a transfer of land is enforceable.

Accepted Answer

A) True 
 B)False

Question 2

Fresh Air Filter & Purification Company and Big Box Commercial Storage Company enter into a long-term lease for a warehouse.To be enforceable,the lease must be in writ?ing if the amount of the rent payment is

Accepted Answer

A) more than $500. 
B) more than $5,000. 
C) more than $50,000. 
D) any price.

Question 3

To be enforceable as a contract,a writing must have been signed by the party who seeks to enforce it.

Accepted Answer

A) True 
 B)False

Question 4

In a transaction for the sale of a warehouse,Standard Storage Company tells Tri-County Investment Corporation that the office furniture is in?cluded.The contract says nothing about office furniture,but does state,"This document supercedes all oral promises relating to the sale." Is the furniture part of the sale? Why or why not?

Accepted Answer

The answer of In a transaction for the sale of...

Question 5

A contract that has not been fully performed by the end of a year from the day of its making must be rewritten to continue in force.

Accepted Answer

A) True 
 B)False

Question 6

Nutrition Services,LLC,and Oneida's Catering & Café Supply Company sign a writ?ten con?tract that does not involve a sale of goods.To be enforceable,the writing must include

Accepted Answer

A) a correct title,such as "Service Contract." 
B) all essential and non-essential terms. 
C) a statement of the consideration. 
D) a description of the parties' businesses.

Question 7

Isaac and Holiday Fruit Company enter into an oral contract under which Isaac agrees to pro?vide delivery service for holiday Fruit for nine months.This con?tract is enforceable by

Accepted Answer

A) Isaac. 
B) Holiday Fruit. 
C) any interested third party,such as a Holiday Fruit customer. 
D) none of the choices.

Question 8

Eustace and Durango Oil Company enter into an oral contract under which Eustace agrees to work on a Durango oil rig for not less than six months.This contract is enforce?able by

Accepted Answer

A) Eustace. 
B) Durango. 
C) any interested third party,such as a member of Eustace's family. 
D) none of the choices.

Question 9

Fact Pattern 15-B1 
Odell and Pete sign a contract for the sale of Odell's Pizza Parlor to Pete.The parties intend their written contract to be a final statement of most,but not all,of the terms of their agreement-Odell must first buy the building from Quin,after which Odell and Pete will negotiate a final price.
-Refer to Fact Pattern 15-B1.The writing that Odell and Pete signed is

Accepted Answer

A) a completely integrated contract. 
B) a conditionally integrated contract. 
C) a partially integrated contract. 
D) a supplementally integrated contract.

Question 10

Under the Statute of Frauds,a contract that is in writing is void.

Accepted Answer

A) True 
 B)False

Question 11

A contract involving a sale is the only contract relating to an interest in land that must be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 12

An electronic record of a contract for a sale of goods can enforceable.

Accepted Answer

A) True 
 B)False

Question 13

A written contract that contains a collateral promise is enforceable.

Accepted Answer

A) True 
 B)False

Question 14

Allied Corporation in Boston offers a job to Carol,who lives in Denver.Carol orally agrees to work for Allied for two years.She moves her family to Boston and begins work.Three months later,she is fired for no stated cause.She files a suit against Allied for rein?statement or pay.Allied pleads the lack of a written con?tract.In whose favor is the court likely to rule,and why?

Accepted Answer

The answer of Allied Corporation in Boston offers a job...

Question 15

Ramon contracts in writing to sell his Little Shop of Bagels to Suni.When Suni discovers that the kitchen equipment has been removed,she files a suit against Ramon.The court decides that the written contract includes everything that the parties intended.An agreement about the kitchen equipment may be admissible if it is

Accepted Answer

A) a previous agreement. 
B) not otherwise contained in the parties' contract. 
C) a subsequent modification of the parties' contract. 
D) under no circumstances.

Question 16

An integrated contract is the complete and final statement of the terms of the agreement.

Accepted Answer

A) True 
 B)False

Question 17

Dotty tells a representative of Education Loan Company over the phone that she will pay Felipe's student loan if he does not.Dotty does not get any per?sonal benefit for the promise.This promise is enforceable as a contract by

Accepted Answer

A) Dotty. 
B) Education Loan Company. 
C) any interested third party,such as Felipe or a member of his family. 
D) none of the choices.

Question 18

Fact Pattern 15-B1 
Odell and Pete sign a contract for the sale of Odell's Pizza Parlor to Pete.The parties intend their written contract to be a final statement of most,but not all,of the terms of their agreement-Odell must first buy the building from Quin,after which Odell and Pete will negotiate a final price.
-Refer to Fact Pattern 15-B1.Pete later disputes some of the provisions of the deal with Odell.If the dispute results in litigation,a court will most likely admit evidence of

Accepted Answer

A) ambiguous additional terms. 
B) consistent additional terms. 
C) contradictory additional terms. 
D) fraudulent additional terms.

Question 19

A contract for a sale of goods priced at $499.99 must be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 20

A party's oral promise to pay another's debt is enforceable if the guarantor's main purpose is to secure a personal benefit.

Accepted Answer

A) True 
 B)False

Exam 15: A: The Statute of Frauds

A written con?tract for a transfer of land is enforceable.

Fresh Air Filter & Purification Company and Big Box Commercial Storage Company enter into a long-term lease for a warehouse.To be enforceable,the lease must be in writ?ing if the amount of the rent payment is

To be enforceable as a contract,a writing must have been signed by the party who seeks to enforce it.

A contract that has not been fully performed by the end of a year from the day of its making must be rewritten to continue in force.

Nutrition Services,LLC,and Oneida's Catering & Café Supply Company sign a writ?ten con?tract that does not involve a sale of goods.To be enforceable,the writing must include

Isaac and Holiday Fruit Company enter into an oral contract under which Isaac agrees to pro?vide delivery service for holiday Fruit for nine months.This con?tract is enforceable by

Eustace and Durango Oil Company enter into an oral contract under which Eustace agrees to work on a Durango oil rig for not less than six months.This contract is enforce?able by

Under the Statute of Frauds,a contract that is in writing is void.

A contract involving a sale is the only contract relating to an interest in land that must be in writing to be enforceable.

An electronic record of a contract for a sale of goods can enforceable.

A written contract that contains a collateral promise is enforceable.

An integrated contract is the complete and final statement of the terms of the agreement.

Dotty tells a representative of Education Loan Company over the phone that she will pay Felipe's student loan if he does not.Dotty does not get any per?sonal benefit for the promise.This promise is enforceable as a contract by

A contract for a sale of goods priced at $499.99 must be in writing to be enforceable.

A party's oral promise to pay another's debt is enforceable if the guarantor's main purpose is to secure a personal benefit.