1. The Statue of Frauds states: A You cannot be prosecuted for certain frauds B-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 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 A. Which of the following applies to the Statute of Frauds? A-A contract for the sale of land BA contract not to l performed within a year C.The promise by one person to D All of the above the debt of another 5. A memorandum in writing for the Statute of Frauds refers to A An actual C.The type of p DA of the be outlining essential parts of the transactions ER T 0 TER O 9 G H B N M K A