Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(True/False) 1. The SOF is limited to contracts for the sale of goods. 2. The SOF covers contracts in which marriage is the consideration. 3.

(True/False)

1. The SOF is limited to contracts for the sale of goods.

2. The SOF covers contracts in which marriage is the consideration.

3. Minors cannot disaffirm a contract that falls within the SOF.

4. Parol evidence can be used to contradict the terms of a partially integrated contract.

5. The parol evidence rule does not block evidence of subsequent (after the written contract) agreements that modify a completely integrated written contract.

6. You are an incidental beneficiary if you are unable to show that a contact was made with the intent to benefit you.

7. In general, ambiguities in a written agreement are resolved against the party whodrafted the agreement.

8. The SOF was designed to prevent harm to innocent parties by requiring writtenevidence of agreements concerning important transactions.

9. A delegator's duty is extinguished only by performance by delegatee or by novation.

10. The "part performance doctrine" permits a buyer to enforce an oral contract for the sale of land.

11. Which of the following rules may exclude from evidence written or spoken terms not contained in a written contract?

- the mirror image rule.

- promissory estoppel.

- the parol evidence rule.

- the statute of frauds.

(True/False)

12. All agreements modifying an existing contract for the sale of goods must be in writing to be enforceable.

13. The parol evidence rule forbids parties from modifying their contracts after the contracts have been signed.

14. Veronica orally agreed to buy Kay's house and the sale was completed. Either ofthem now may rescind the contract because it did not comply with the SOF.

16. Vesting of beneficiaries' rights occurs when the contract is formed or when the beneficiary learns and relies on the contract

20. Incidental beneficiaries have no rights under a contract.

21. The SOF applies to all oral contracts.

23. Parol evidence is used to prevent any oral or written statement that is not contained in a subsequent written contract.

24. When parties enter into a written contract that they intend as a finalstatement of their agreement, a court will not permit the use of evidence of prioror contemporaneous oral or written statements to add to, alter or contradict the terms of the written contract.

25. If a contract is partially integrated, parol evidence is admissible to prove consistent additional terms to the contract.

28. An assignment is a transfer of rights.

29. The SOF applies to all contracts of$500.00 or more.

30. A delegation is a transfer of duties.

31. The parol evidence rule is applicable to both written and oral contracts.

32. The SOF applies to an employment contract that is entered 7/1/11 for 6 monthsemployment beginning immediately.

35. You must have a full performance by the buyer in real estate transactions to take it out of the SOF.

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

37. An oral promise made by the executor of an estate to pay the debts of the estatefrom the estate's assets in unenforceable under the SOF.

38. Under the parol evidence rule, the courts will not allow additional informationthat will alter the contract when it is a finalized agreement.

39. Parol evidence is allowed to clear up ambiguities even if it is a completelyintegrated written contract.

40. An assignee must notify the obligor of any assignment.

42. On May 1st, Jane agrees to work for Joe indefinitely. This oral contract is enforceable.

43. If a party admits in a court proceeding the existence of an oral contract for the sale of goods with a purchase price of over $500, then the SOF is satisfied.

44. All contracts for marriage must be in writing.

49. A delegation occurs when the obligor transfers his rights to another.

50. The SOF covers all contracts that are for an. indefinite period of time.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Environment Of Business

Authors: Henry R. Cheeseman

9th Edition

0135173957, 978-0135173954

More Books

Students also viewed these Law questions

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago