46) Gifts can always be revoked and taken back because there is no consideration for the gift.

True

False

47)

Which of the following agreements need to be in writing in order to be enforceable:

An agreement which by its terms cannpt be completed within a year

Any agreement for an interest in real estate

Any contract for the sale of goods in excess of $500

All of the above

None of the above

48)

A contract is fully integrated if:

It is fully performed

It has no concurrent conditions

It is in writing and is the final and complete agreement of the parties

It is fully liquidated

49)A slander of title is a false and unprivileged statement:

that can be written or oral

about title to real or personal property

causes actual monetary damage to the plaintiff

all of the above

50) One party to a contract can be excused from all future performance if the other party has made it impossible for him to perform his duties under the contract.

True

False

51)Joy invites Kent into her home. Kent commits trespass if he:

refuses to leave when Joy asks him to go.

enters the home with the intent to commit a felony

starts insulting Joy inside her home

52)

A third party can gain rights under a cpontract between two other parties if:

they were an intended beneficiary at the time of the formation of the contract

they enjoy incidental rights under the contract

they are conditional representatives

they are unemacipated minors

damages the hime in any way

53) Lou agrees to assume Mira's debt to New Sales Corporation. Lou does not get ny personal benefit for this agreement. To be enforceable the contract must be in writing if the debt is for

$500

$5000

$50,000

$500, $5000, or $50,000