1. The Statue of Frauds states: A - You cannot be prosecuted for certain frauds 8 - Oral contracts are acceptable for land transactions C-Certain agreements must be evidenced by a memorandum in writing D- None of the above 2. The Parol Evidence Rule: A-Relates to parolees B- Discussed evidence concerning a written agreement that is not part of the writing C- Is rarely applied in contracts D-A and C I 3. Privity refers to: A. The requirement that a person be one of the parties to a contract to have a legal interest in the contract B. Warranties only C. The impossibility of determining who is in privity to a contract. D - None of the above 4. Which of the following applies to the Statute of Frauds? A- A contract for the sale of land B - A contract not to be performed within a year - The promise by one person to pay the debt of another D - All of the above