Question 1

The marriage provision in the statute of frauds is inapplicable to agreements that involve:

Accepted Answer

A)  postnuptial agreements.
B)  oral one-sided promises of marriage.
C)  mutual promises to marry.
D)  prenuptial agreements.

Question 2

Which statement about the statute of frauds is true?

Accepted Answer

A)  All contracts must be in writing in order to be enforced.
B)  Contracts for the sale of goods for $500 or more must be in writing in order to be enforced.
C)  Contracts for the sale of land for $500 or more must be in writing in order to be enforced.
D)  All employment contracts must be in writing in order to be enforced.

Question 3

In determining whether a contract is within the one-year provision of the statute of frauds,courts begin counting time on the day when the:

Accepted Answer

A)  offer was sent.
B)  parties initiated negotiations.
C)  contract comes into existence.
D)  parties filed their agreement with the secretary of state. C

Question 4

Jones goes to a clothing store and orders $1,000 worth of clothing on credit.The salesperson writes up a receipt describing the terms of the deal,but Jones does not sign anything.Three days later,the store delivers $750 worth of clothing,which Jones accepts.One day later,however,Jones decides that he does not want the clothing.When the store insists that he has to pay the full $1,000,Jones pleads the statute of frauds.Does the statute of frauds give Jones a defense against payment here?

Accepted Answer

This is a contract for the sale of goods...

Question 5

The "confirmatory memorandum" exception to the UCC's statute of frauds provision:

Accepted Answer

A)  requires that the memorandum be signed by the party to be bound.
B)  requires that the memorandum be sent within ten days after the contract is made.
C)  requires that both parties receive the memorandum and have reason to know of its contents.
D)  requires that both parties to the contract be merchants.

Question 6

The statute of frauds requires that:

Accepted Answer

A)  some contracts be evidenced by a writing.
B)  all contracts involving fraud must be void.
C)  all three-party contracts be collateral ones.
D)  there can be no secondary debts in a contract.

Question 7

Which of the following contracts is not covered by the statute of frauds?

Accepted Answer

A)  A contract for the sale of an interest in real estate.
B)  A contract for the sale of goods for a price of $400.
C)  A contract that is collateral in nature where a person promises to perform the obligation of another.
D)  A contract in which marriage is the consideration.

Question 8

Mr.Green and Mr.Blue contract orally to transfer 500 widgets for $1,000.Mr.Blue sends Mr.Green a receipt one week after the agreement.If Mr.Green now refuses to recognize the agreement a court will find what?

Accepted Answer

A)  That a memorandum of agreement was created by the receipt sent by Mr.Blue and an enforceable agreement exists
B)  That no agreement exists because there is no typed agreement according to the statute of frauds
C)  There is no enforceable agreement because the receipt was not sent at the same time as the agreement
D)  The agreement is not enforceable because the Secretary of State did not approve the agreement

Question 9

An oral contract for the sale of land that has been completely performed by the vendor:

Accepted Answer

A)  is part of the statute of frauds.
B)  can be enforced without a writing.
C)  needs to be signed by the parties.
D)  has to be testified by witnesses.

Question 10

Parol evidence can be used to contradict the written terms of a partially integrated contract.

Accepted Answer

A) True 
 B)False  False

Question 11

In order to satisfy the statute of frauds,the parties' writing must be:

Accepted Answer

A)  signed by both parties.
B)  in legalese.
C)  signed by the "party to be charged."
D)  compressed into a single document.

Question 12

Sammy entered into an oral contract with Macaulay for the sale of goods amounting to $900.Sammy paid the amount.But Macaulay refused to deliver the goods.Sammy thus suffered serious losses due to Macaulay's breach of contract.Sammy sued Macaulay.At the same time Macaulay took the defense under statute of frauds.Under which principle is Sammy protected?

Accepted Answer

A)  Tortious liability
B)  Vicarious liability
C)  Part performance
D)  Promissory estoppel D

Question 13

With regard to an agreement for the sale of real estate,the statute of frauds:

Accepted Answer

A)  does not require that all parties sign the agreement.
B)  does not apply if the value of the real estate is less than $500.
C)  requires that the entire agreement be in a single writing.
D)  requires that the purchase price be equal to the value of the real estate.

Question 14

In 17th-century England,before the enactment of the Statute of Frauds in 1677,a legal rule:

Accepted Answer

A)  allowed both parties to a lawsuit and third-party witnesses to testify.
B)  only allowed parties to a lawsuit to testify in their own cases.
C)  prohibited parties to a lawsuit from testifying in their own cases.
D)  prohibited parties to a lawsuit from calling third-party witnesses to testify.

Question 15

The statute of frauds does not require a writing when marriage is the consideration to support a contract.

Accepted Answer

A) True 
 B)False

Question 16

An oral contract within the UCC statute of frauds can be enforced without a writing only if it involves the sale of specially manufactured goods.

Accepted Answer

A) True 
 B)False

Question 17

A contract that cannot be performed within one year from the day on which it comes into existence:

Accepted Answer

A)  is within the statute of frauds.
B)  need not be in writing.
C)  is called a unilateral contract.
D)  is essentially illegal.

Question 18

King,a circuit board manufacturer,called Foster,a computer storeowner,and offered to sell him 500 circuit boards for $20,000.Foster accepted the offer over the telephone that same day.King immediately sent Foster a signed memorandum confirming the deal they made orally.Which of the following statements concerning the contract is correct under the statute of frauds?

Accepted Answer

A)  No contract was formed because Foster did not sign the offer.
B)  No contract was formed because King is not a merchant.
C)  A contract was formed unless Foster objects to the memorandum within 10 days of receiving it.
D)  A contract was formed but it is unenforceable.

Question 19

Some courts allow promissory estoppel to bind parties to oral contracts that otherwise would be unenforceable under the statute of frauds.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following statements about the "in writing" requirement for the majority of states is false?

Accepted Answer

A)  The entire contract must be in writing.
B)  To satisfy this requirement,a memorandum of the parties' agreement will suffice.
C)  The essential terms of the contract must be stated in the writing.
D)  The writing need not have been created with the intent that the memorandum itself would be binding.

Exam 16: Writing

The marriage provision in the statute of frauds is inapplicable to agreements that involve:

Correct Answer
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Which statement about the statute of frauds is true?

Correct Answer
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In determining whether a contract is within the one-year provision of the statute of frauds,courts begin counting time on the day when the:

Correct Answer
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C

Correct Answer
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This is a contract for the sale of goods...
View Answer

The "confirmatory memorandum" exception to the UCC's statute of frauds provision:

Correct Answer
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The statute of frauds requires that:

Correct Answer
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Which of the following contracts is not covered by the statute of frauds?

Correct Answer
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Mr.Green and Mr.Blue contract orally to transfer 500 widgets for $1,000.Mr.Blue sends Mr.Green a receipt one week after the agreement.If Mr.Green now refuses to recognize the agreement a court will find what?

Correct Answer
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An oral contract for the sale of land that has been completely performed by the vendor:

Correct Answer
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Parol evidence can be used to contradict the written terms of a partially integrated contract.

Correct Answer
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False

In order to satisfy the statute of frauds,the parties' writing must be:

Correct Answer
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Correct Answer
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D

With regard to an agreement for the sale of real estate,the statute of frauds:

Correct Answer
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In 17th-century England,before the enactment of the Statute of Frauds in 1677,a legal rule:

Correct Answer
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The statute of frauds does not require a writing when marriage is the consideration to support a contract.

Correct Answer
verified

An oral contract within the UCC statute of frauds can be enforced without a writing only if it involves the sale of specially manufactured goods.

Correct Answer
verified

A contract that cannot be performed within one year from the day on which it comes into existence:

Correct Answer
verified

Correct Answer
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Some courts allow promissory estoppel to bind parties to oral contracts that otherwise would be unenforceable under the statute of frauds.

Correct Answer
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Which of the following statements about the "in writing" requirement for the majority of states is false?

Correct Answer
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Exam 16: Writing

The marriage provision in the statute of frauds is inapplicable to agreements that involve:

Correct AnswerverifiedShow Answer

Which statement about the statute of frauds is true?

Correct AnswerverifiedShow Answer

In determining whether a contract is within the one-year provision of the statute of frauds,courts begin counting time on the day when the:

Correct AnswerverifiedC

Correct AnswerverifiedThis is a contract for the sale of goods...View AnswerShow Answer

The "confirmatory memorandum" exception to the UCC's statute of frauds provision:

Correct AnswerverifiedShow Answer

The statute of frauds requires that:

Correct AnswerverifiedShow Answer

Which of the following contracts is not covered by the statute of frauds?

Correct AnswerverifiedShow Answer

Mr.Green and Mr.Blue contract orally to transfer 500 widgets for $1,000.Mr.Blue sends Mr.Green a receipt one week after the agreement.If Mr.Green now refuses to recognize the agreement a court will find what?

Correct AnswerverifiedShow Answer

An oral contract for the sale of land that has been completely performed by the vendor:

Correct AnswerverifiedShow Answer

Parol evidence can be used to contradict the written terms of a partially integrated contract.

Correct AnswerverifiedFalse

In order to satisfy the statute of frauds,the parties' writing must be:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedD

With regard to an agreement for the sale of real estate,the statute of frauds:

Correct AnswerverifiedShow Answer

In 17th-century England,before the enactment of the Statute of Frauds in 1677,a legal rule:

Correct AnswerverifiedShow Answer

The statute of frauds does not require a writing when marriage is the consideration to support a contract.

Correct AnswerverifiedShow Answer

An oral contract within the UCC statute of frauds can be enforced without a writing only if it involves the sale of specially manufactured goods.

Correct AnswerverifiedShow Answer

A contract that cannot be performed within one year from the day on which it comes into existence:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Some courts allow promissory estoppel to bind parties to oral contracts that otherwise would be unenforceable under the statute of frauds.

Correct AnswerverifiedShow Answer

Which of the following statements about the "in writing" requirement for the majority of states is false?

Correct AnswerverifiedShow Answer

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C

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This is a contract for the sale of goods...
View Answer

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False

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D

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