1. The rule which says "written contracts will always be enforced, while oral contracts generally unenforceable" is? Group of answer choices

a) Both the parol evidence rule and the statute of frauds.

b) The statute of frauds

c) The parol evidence rule

d) non existent. No such rule exists.

2.Contracts for the transfer of real property interests are subject to the statute of frauds in that enforceable contracts to transfer ownership of real property must be in writing.Group of answer choices

True

False

3.In general, every agreement (contract) will be a valid/enforceable agreement if the purpose of the agreement does not violate the law. Group of answer choices

True

False

4.Contracts that are entered into by minors (those individuals under the age of 18) are typically enforceable if the minor is emancipated. Group of answer choices

True

False

5. All valid contracts must have: Group of answer choices

a) at least one party

b) at least some money changing hands

c) a third party beneficiary.

d) at least two parties