There are three types of contractual conditions: precedent, subsequent, and conducive.

Group startsTrue or False

46.- Jody and Roberto had a written agreement for the sale of a 2017 Porsche Cayenne for $40,000. When the actual purchase date arrived, Jody (the buyer) came to pick up the car from Roberto (the seller) and demanded that Roberto include in the sale an extra set of four expensive wheels worth $6,000. Jody claims that the wheels were part of the $40,000 purchase price, but Roberto disagrees. The written contract says nothing about the extra set of wheels. Jody sues Roberto for breach of contract, and at trial, he seeks to introduce a note handwritten and signed by Roberto to Jody dated one week before the actual date of the contract, indicating "Extra set of four Cayenne wheels to JodyValue--$6,000included in contract price." Will the trial court judge likely allow the jury to hear this evidence?

Multiple Choice

No, since it violates the parol evidence rule.

Yes, since it satisfies the parol evidence rule.

Yes, since it satisfies the statute of frauds writing requirement.

No, since the promissory estoppel doctrine applies to a contract for the sale of goods transaction.

47.-Which element of a valid contract requires both sides to obtain something of value and to give up something of value?

Multiple Choice

Legality of purpose

Mutual assent

Capacity

Consideration

48.-A condition __________ requires that an event must occur before performance under a contract is due.

Multiple Choice

subsequent

absolute

concurrent

precedent

49.-What are the four basic required elements of a valid contract?

Multiple Choice

Unilateral assent, forbearance, legality of purpose, and conductivity

Unilateral assent, consideration, legality of purpose, and capacity

Mutual assent, consideration, legality of purpose, and capacity

Mutual assent, forbearance, commercial purpose, and conductivity

50.- Which rule states that any writing intended by the parties to be the final expression of their agreement may not be contradicted by any oral or written agreements made prior to the writing?

Multiple Choice

The substantial performance doctrine

The statute of frauds

The parol evidence rule

The rule against perpetuities