1. Which of the following rules may exclude from evidence written or spoken terms not contained in a written contract? A.the parol evidence rule. B. the mirror image rule. C. the statute of frauds. D. promissory estoppel. 2. True or False All agreements modifying an existing contract for the sale of goods must be in writing to be enforceable. 3. True or False The parol evidence rule forbids parties from modifying their contracts after the contracts have been signed. 4. True or False Veronica orally agreed to buy Kay's house and the sale was completed. Either of them now may rescind the contract because it did not comply with the SOF. 5. Which of the following oral contracts is generally enforceable under the statute of frauds? A. contracts for the sale of goods greater than $500. B. contracts that by their terms can be completed in less than a year from the date of the contract. C. surety contracts (collateral contracts). D. contracts for the sale of land. 6. True or False Vesting of beneficiaries' rights occurs when the contract is formed or when the beneficiary learns and relies on the contract 7. The statute of frauds provision under the UCC applies: A. To contracts for the sale of goods greater than or equal to $500. B. To any contract for the sale of goods. C. To contracts for the sale of goods to be delivered in more than one shipment. D. To contracts for the sale of goods less than $500. 8. Which of the following is/are generally within the statute of frauds? A. a contract to do some construction work. B. an agreement to modify a contract for the sale of a car, in which the seller promises to sell the car for $3,500 instead of $4,000. C. all of these are within the statute of Frauds. D. a contract to hire a secretary "for life." 9. The parol evidence rule: A. All of these B. prohibits the use of parol evidence to show that a contract was induced by fraud. C. denies parole to inmates that lied in court. D. prohibits evidence of oral or written statements that contradict a later written contract. 10. True or False Incidental beneficiaries have no rights under a contract