Business Law 2301 Ch.11 Ipod Quiz

The __________ rule states that oral evidence of an agreement made prior to or contemporaneously with the written agreement is inadmissible when the parties intend to have a written agreement be the complete and final version of the agreement. Page: 208

Parole evidence

___________ is the legal enforcement of an otherwise unenforceable contract due to a party's detrimental reliance on the contract. Page: 205

Promissory estoppel

__________ of rights refers to the maturing of rights such that a party can legally act on the rights. Pages: 219-220

Vesting

Which of the following is not a recognized purpose of the Statute of Frauds? Page: 200

All of the above are recognized purposes of the Statute of Frauds.

The following represent exceptions to the Statute of Frauds, except: Pages: 204-205

Ambiguity

A(n) __________ transfers his/her contractual rights to a third party. Page: 211

Assignor

A(n) __________ occurs when a party to a contract transfers his/her duty to perform to a third party who is not part of the original contract. Page: 215

Delegation

__________ beneficiaries cannot sue to enforce contract obligations. Page: 221

Incidental

Which of the following is not an exception to the parole evidence rule? Pages: 208-209

A contract involving real estate

Which of the following contracts does not "fall within" the Statute of Frauds writing requirement? Pages: 200-201

A contract for the sale of goods totaling $50