bul2241 chapter 14 quiz
Oscar orally agrees with Papa's Pizza Restaurant to provide delivery service to its customers for nine months. This contract is enforceable by
either Oscar or Papa's.
To be enforceable, a memorandum evidencing an oral contract must include the essential terms of the contract.
true
When the terms of a written contract are ambiguous, parol evidence is admissible to show the meaning of the terms.
true
Ray agrees to buy one hundred pounds of almonds from Sol. To be enforceable, the agreement must be in writing if the almonds cost at least
$500
Charlie and Dill sign a written contract for the sale of Dill's BBQ Food Truck to Charlie. The parties intend their written contract to be a final statement of the terms of their agreement. Refer to Fact Pattern 14 - 2. The writing that Charlie and Dill signed is
a completely integrated contract
Grain Co-op LLC and Hearty Cereals Inc. discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay. Refer to Fact Pattern 14 - 1. Between Grain and Hearty, there is
a written contract
Grain Co-op LLC and Hearty Cereals Inc. discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay. Refer to Fact Pattern 14 - 1. The transaction between Grain and Hearty falls within the provision of the Statute of Frauds involving
collateral promises
A contract must be in writing to be enforceable if the contract makes performance possible within any definite period of time.
false
All collateral promises must be in writing to be enforceable.
false
Under the Statute of Frauds, a contract involving an interest in land must be oral or written to be enforceable.
false
Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by a. Finance Bank.b. Duane, Evan, or Finance Bank.c. Duane or Evan.d. none of the choices.
none of the choices.
Merl separately buys a tablet for $500, running shoes for $200, and a set of the Game of Crowns books for $100. To be enforceable as a contract, a writing is required for the purchase of
tablet only
Physicians Clinic orders by phone seven boxes of single-use latex gloves from Quality Medical Supplies, Inc. After three boxes are delivered and accepted, Physicians Clinic repudiates the contract. Quality Medical can enforce the contract to
the extent of the three accepted boxes.
A contract in which a party assumes a secondary obligation must be in writing to be enforceable.
true
A contract must be in writing to be enforceable if it cannot by its terms be performed within one year from the day after the contract's formation.
true
A unilateral promise to pay a sum of money or to give property in consideration of a promise to marry must be in writing.
true
A written contract or a written memorandum signed by the party who seeks to enforce it will satisfy the Statute of Frauds.
true
An oral contract may be enforceable if there is no way to avoid injustice except to enforce the promise.
true
An oral contract that should be in writing to be enforceable under the Statute of Frauds may be enforceable if it has been partially performed.
true
If a party against whom enforcement of an oral contract is sought admits under oath that a contract for sale was made, the contract will be enforceable.
true
