True or False questions

12. Once a contract is in writing, the Parol Evidence Rule does not allow oral statements made during negotiations to affect the final written contract in any way or for any reason. 13. Alex promises to pay $100 to anyone who finds his lost watch. Kate finds and returns the watch to Alex after hearing of the reward money. Alex and Kate have an enforceable unilateral contract. 14. Fred enters into an oral contract with Barney to buy Bamey's car for $1,000. The next day, Fred pays Barney the $1,000 and Barney gives Fred the keys and title to the car. Later that day Fred discovers that he could have purchased the same car from Betty for less money. Fred may call Barney and demand his money back because the $1,000 ora contract violates the statute of frauds and is unenforceable. 15. Scienter is a necessary requirement for duress but not undue influence. Rudolph overhears his daughter Macy's plans to go skydiving over spring break. Rudolph rushes out and buys an insurance policy for $100,000 on Macy's life. Macy dies when her parachute does not open. $100,000 16. Rudolph can collect the 17. Courts normally require an exchange of adequate/equal valued consideration