True or False : The parol evidence rule is applicable to both written and oral contracts. 2. True or False: The SOF applies to an employment contract that is entered 7/1/11 for 6 months employment beginning immediately.

3. Smith and Jones make an oral contract for the sale of Smith's house at a price of $230,000. After paying Smith $150,000 of the purchase price, Jones gets the keys to the house and starts renovations on the house. One month later, Smith wants to kick Jones off his property. His argument is that the parties' oral agreement is unenforceable under the SOF. Which is correct: A. Smith is correct because Jones has not paid the entire purchase price amount. B. Smith is correct because it's only been one month so it doesn't come under the SOF C. Smith is incorrect because Jones paid part of the purchase price, took possession, and began renovations. D. Smith is correct because he is a merchant.

4. Alice and Judy enter into an oral contract for sewing equipment totaling $450. Later, they agree to modify their contract so that the price Is now $520. This modification: A. is unenforceable because the initial contract had to be in writing B. must be in writing C. is enforceable as long as Alice and Judy made this modification face to face D. can be either oral or written

5. True or false You must have full performance by the buyer in real estate transactions to take it out of the SOF.

6. True or false On May 1st, Jane agrees to work for Joe for 11 months starting August 1st. This oral contract is enforceable.

7. True or false An oral promise made by the executor of an estate to pay the debts of the estate from the estate's assets in unenforceable under the SOF. 8. True or false Under the parol evidence rule, the courts will not allow additional information that will alter the contract when it is a complete agreement. 9. True or false Parol evidence is allowed to clear up ambiguities even if it is a completely integrated written contract. 10. True or false An assignee must notify the obligor of any assignment.