Law Ch 11

Parole evidence refers to ________.

Spoken words

True or False - Under the Statute of Frauds, a written note or memorandum may suffice if it is signed by the party against whom the claim for breach of contract is made.

True

True or False - The Statute of Frauds states that the memorandum must contain more essential terms than the written contract.

False

True or False - The Statute requires a written memorandum that contains all information on one piece of paper.

False

Default

A breach of any contractual agreement.

What is the Statute of Frauds?

A law requiring certain contracts to be in writing.

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

An agreement containing a promise in consideration of marriage.

True or False - A lease of real property for less than one year must be in writing for it to be binding.

False

True or False - Courts will always permit spoken words to add or modify the terms of a written contract that appears to be complete.

False

True or False - Every state has an identical list of contracts required by law to be in writing to be enforced.

False

True or False - The Statute of Frauds requirement of writing applies if the main purpose of the promise is to gain some advantage over the promisor.

False

True or False - all contracts must be in writing to be enforceable.

False

Which of the following is true of the parole evidence rule?

It allows a written contract to be modified by oral testimony if there is evidence of fraud.

Which of the following is an advantage of a written contract over an oral one?

The evidence of a contract cannot be denied if it is in writing.

Which constitutes an exception to the Statute of Fraud's requirement that a contract be in writing?

The original promise from the promisor rather than a promise to pay the debt of another.

When a party sues to enforce an alleged contract, The Statute of Frauds requires ______

There be a note in writing signed by the party against whom the claim for breach of contract is made.

True or False - According to the Statute of Frauds, an agreement to sell goods for more than $500 must be in writing.

True

True or False - The parole evidence rule assumes that a written contract represents the complete agreement.

True