In most states, oral contracts that are covered by the statute of frauds are Enforceable.
1. In most states, oral contracts that are covered by the statute of frauds are: Multiple...
14. The version of promissory estoppel in the Restatement (Second) of Contracts provides that if parties enter into an oral contract that should be in writing under the Statute of Frauds, the oral promise is enforceable against the promisor if certain conditions are met. Which of the following is NOT one of these conditions? A. the promise relied on the oral promise B. the reliance was foreseeable C. injustice can be avoided only by enforcing the oral promise D. the...
The Statute of Frauds requires certain contracts to be in writing to be enforceable. Which of the following contracts is required to be in writing to be enforceable? a.A contract for the sale of farmland b.A contract for the sale of an antique c.A contract of employment d.A contract for the building of a house on farmland (give explaination)
The Statute of Frauds a. Prevents the use of oral evidence to contradict the terms of a written contract. b. Applies to all contracts having consideration valued at $500 or more. c. Requires the independent promise to pay the debt of another to be in writing. d. Applies to all real estate leases.
Some contracts must be in writing and signed to be enforceable. Contracts that are covered by the statute of frauds include: Group of answer choices all of the other answer choices contracts for the sale of goods valued at $500 or more promises to pay the debts of another person contracts that cannot be finished within a year contracts for the sale of land
70. The Statute of Frauds writing requirement applies to both guarantor and collateral contracts. Answers: True False 71. Any contract that cannot be fully performed within one year must be evidenced by a writing because of poor human memory and the natural evolution of individual bias. Answers: True False 72. Once a debt is discharged in bankruptcy it is not legally enforceable and therefore can never be resurrected. Answers: True False 73. Contracts subject to the Statute of Frauds must...
10. Sammy entered into an oral contract with Macaulay for the sale of goods amounting to $900. Sammy paid the amount, but Macaulay refused to deliver the goods. Sammy suffered serious losses because of Macaulay's breach of contract. Sammy sued Macaulay. Macaulay alleged the statute of frauds as a defense. Under which principle is Sammy protected as an exception to the statute of frauds? A. Tortious liability B. Vicarious liability C. Part performance D. Promissory estoppel
44. Agreements under the “Statute of Frauds” must: a. be in writing b. be for under $100.00 c. be on legal paper d. be notarized e. all of the above f. a and d only 45. An “illegal agreement” is one that will not be enforced because it violates: a. mirror reflection rule b. statutory law c. mutual rescission d. discord and satisfaction e. all of the above 46. The “parole evidence rule” related to contracts may refer to: a....
Question 5 The Statute of Frauds requires which of the following contracts to be in writing? a. A contract to buy a watch for $100 b. A contract to buy a bicycle for $300 OC. A contract to buy a stereo for $499 d. All of the above Oe. None of the above
Which statement about the statute of frauds is true? OA. All contracts must be in writing in order to be enforced. O B. Contracts for the sale of goods for $500 or more must be in writing in order to be enforced с.contracts for the sale of land for $500 or more must be in writing in order to be enforced. All employment contracts must be in writing in order to be enforced.
Most property insurance contracts have a coinsurance provision to: Multiple Choice protect a business from losses resulting from the use of its product. ensure the continuation of a business following the death of its owner. ensure reimbursement for the full amount of covered losses.