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 4. Which of the following applies to the Statute of Frauds? A- A contract for the sale of land BA contract not to be performed within a year - C The promise by one person to pay the debt of another D All of the above