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Exam 14: Written Contracts

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Question 31

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Valley Tack Shop signs a contract with Gary's Boots and Saddles for delivery of five saddles that cost $200 each.To be enforceable under the Statute of Frauds,the written contract must designate

A) the method of delivery.
B) the method of payment.
C) the quantity of saddles.
D) the seller.

E) A) and B)
F) C) and D)

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Question 32

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There are exceptions to the Statute of Frauds.

A) True
B) False

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Question 33

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A prenuptial agreement must be in writing to be enforceable.

Andy offers to pay Ryan to marry Andy's youngest daughter.To be enforceable,the contract must be in writing if the amount Andy promises to pay is

Financial Services Company and Steve's Landscaping,Inc.,sign a writ?ten con?tract that does not involve a sale of goods.To be enforceable,this written contract must include

An oral contract for a sale of land can sometimes be enforced if partial per?formance has taken place.

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 stationery,which includes the Center's letterhead and which only Theo signs.This agreement is most likely enforceable against

A contract must be in writing to be enforceable unless its performance is impossi?ble within one year.

Oral evidence of the meaning of a contract with incomplete terms can be introduced at a trial.

Veggie Grocers orders by phone twenty cartons of canned beets from Capital Food Packers,Inc.After ten cartons are delivered and accepted,Veggie repudiates the contract.Capital can enforce the contract to

Fact Pattern 14-1 (Questions 32-33 apply) Kelly and Lucas sign a written contract for the sale of Kelly's Koffee Kiosk to Lucas.The parties intend their written contract to be a final statement of the terms of their agreement. -Refer to Fact Pattern 14-1.The writing that Kelly and Lucas signed is a contract that is

A collateral promise is one made by a third party to assume the debts or obligation of a primary party to a contract if the primary party does not perform.

Cara enters into an oral contract with Sam in which she agrees to give him her vacation home in France if he will marry her.The contract is enforceable by

Century Properties.Inc.,and Broadview Capital Corporation enter into a con?tract for a sale of land.To be enforceable,the contract must be in writing if the land is valued at

Delta,Inc.,agrees to assume a debt of Excel Company to First State Bank.The agreement is not in writing.To be enforceable,the promise must be for the benefit of

To be enforceable,a memorandum evidencing an oral contract must include all essential terms.

The primary purpose of the Statute of Frauds is to ensure that all parties to a contract understand all the terms of the contract.

Fact Pattern 14-2 (Questions 34-35 apply) Odell and Paula sign a contract for the sale of Odell's Pizza Parlor to Paula.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 Paula will negotiate a final price. -Refer to Fact Pattern 14-2.Paula 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 additional terms that are

An e-mail is an acceptable form of a written memorandum.

Lara induces Moe to enter into a contract for the sale of an apartment.Lara tells Moe that her commission is 6 percent,but their signed,written contract states "12 percent." The Statute of Frauds governs