CHAPTER 15

20 terms by marye753 

Ready to study?
Start with Flashcards

Create a new folder

Advertisement Upgrade to remove ads

A contract that cannot by its own terms be performed within a year bust be in writing to be enforceable.

TRUE

A promise to an answer for the debt of another must always be in writing to be enforceable.

FALSE

A promise on which a promise justifiably relies on his or her detriment will not be enforced unless it is in writing.

FALSE

If a party admits in pleadings that a contract was made, it may be enforceable even if it was oral

TRUE

Oral contracts that are not enforceable under the UCC include those for customized goods.

FALSE

A contract for a transfer of an interest in land need not to be in writing to be enforceable

FALSE

To be enforceable a contract for a sale of goods priced at $300 or more must be in writing.

FALSE

The only writing sufficient to satisfy the Statue of Frauds is a printed form, with the heading "contract" signed at the bottom of all parties

FALSE

The parol evidence rule permits the introduction at trial of evidence of the parties' negotiations or agreements that contradicts or varied their contract.

FALSE

An oral contract that should be in writing to be enforceable may be enforceable if it has been partially performed.

TRUE

Jim orally promises to work for Pat, and Pat orally promises to employ Jim at a rate of $500 a week. This contract must be in writing to be enforceable if Jim promises to work for

at least 5 years

Standard Business Co. agrees to hire time as a sales rep for 6 months. their contract is oral. this contract is enforceable by

Standard or Tim

Gamma co. and Omega Corp. enter into an oral contract for the sale of a warehouse Before Omega takes possession, this contract is enforceable by:

neither Gamma or Omega.

Delta Co. contracts with Eagle, inc. to buy computers. the contract is most likely enforceable against Eagle if Delta offers as proof of agreement

a sales slip signed by Eagle.

Investors Inc. contracts with J&J to buy J&J's warehouse. the contract is most likely enforceable against J&J if investors offers proof of the agreement by

a. a blank sheet of J&J stationary.
b. J&J business card.
c. photos of the warehouse from Investors employee.
D. NONE OF THE CHOICES

Jack and Kim enter into a contract for Jack's sale to Kim of ten computers for $500 each. After Kim takes possession, before payments made it is enforceable

whether it is oral or in writing

Ed borrows $1,000 from First State Bank. Fran orally promises the bank that she will repay debt if Ed does not. It is enforceable by:

neither Ed. nor First State bank

Greg agrees to make bookshelves for Holly, who tells Ira that she will guarantee payment for whatever supplies Greg orders form Ira for the shelves. Holly's promise is enforceable

whether it is oral or in writing

Under written agreement Ida sells a motel to Joyce. When Ida removes furniture, Joy sues. The court says written agree. includes everything parties intended. Which agree about furniture will be allowed.

a subsequent oral agreement only.

warehouse inc. orally contracts for a lease of its storage facilities to Xtra Co. Xtra pays part of price, takes possession and makes permanent improvements. The contract is most likely enforceable against:

Warehouse and Xtra

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set