What types of contracts that require a writing the statute of frauds: a. Real estate b. Prenuptial agreement c. Goods over $500 d. A and B only e. A, b, and c An accord and satisfaction is when a new party is substituted for one of the primary parties to a contract a. true b. false A novation when the parties agree to render and accept performance different from that on which they originally agreed. a. true b. false A mutual rescission allows the parties to agree to rescind or cancel the contract. A. true or b. false Under the statute of frauds if the contract can possibly be performed within a year, the contract does not have to be in writing. A. True or B. False The UCC requires a "writing" for the sale of goods over S ___. a. $100 b. $200 c. $300 d. $500 The parole evidence allows you to bring in outside evidence into evidence to explain the terms of the contract only if the contract represents the complete and final statement of the parties agreement. A. True or B. False If the terms of the contract are AMBIGIOUS will a court allow you to submit evidence to show the meaning of terms? A. Yes or B. no If you misrepresent a material fact of a contract, the contract may be void for fraudulent Misrepresentation. A True or B. False