1. All agreements in writing of whatever nature will be enforceable in a court of law because the parties have taken the time to place the agreement into writing. T F

Explanation:

2. The rules of common law contracts have been created primarily by:

a. precedents created by state courts.

b. statutes passed by the United States Congress.

c. regulations promulgated by municipal administrative agencies.

d. All of the above (ac) are equally important in governing common law contracts.

Explanation:

3. The rules of formal contracts (negotiable instruments) such as checks have been created primarily by:

a. precedents created by federal courts.

b. statutes passed by the various state legislatures.

c. regulations promulgated by municipal administrative agencies.

d. All of the above (ac) are equally important in governing common law contracts.

Explanation: