CH.11 HW Quiz (BUSI 2301)

Stuart claimed that when he was hired by Midwest Bottling Co., the company orally offered a contract to employ him until he retired. Stuart claimed he accepted and told Midwest Bottling Co. he might not retire for 10 more years. Three years later, Midwest Bottling Co. terminated Stuart's employment. Stuart sued, claiming breach of employment contract. Midwest Bottling claimed the alleged oral contract was required by the Statute of Frauds to be in writing, because it could not be completed in one year and therefore was unenforceable. Did the contract fall within the Statute of Frauds?

c. No, because it was possible for the oral contract to be completed within 1 year

Parol evidence refers to:​

a. ​spoken words.

Which of the following types of agreements according to the Statute of Frauds need to be in writing?. ​

b. ​An agreement containing a promise in consideration of marriage

Jerry and Nancy bet $250 on a basketball game between the New York Knicks and the Boston Celtics. Both Jerry and Nancy hand over their bet money to Cameron, who will act as a stakeholder in this bet. Which of the following is true of this scenario?

b. If Jerry breaches this contract then the courts will not allow Nancy to recover damages from Jerry.

Jeremy is arrested for stealing a computer from a local business. The computer has valuable data saved to the hard drive and, in an attempt to recover the computer, the district attorney contracts with Jeremy not to prosecute him if the computer is returned to its rightful owner. Which of the following is true of the given scenario?

b. The contract is void, because it has a tendency to obstruct the administration of justice.