Question 1

Fact Pattern 16-1
Grain Co-op, LLC and Hearty Cereals, Inc., discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay.
-Refer to Fact Pattern 16-1. The transaction between Grain and Hearty falls within the provision of the Statute of Frauds involving

Accepted Answer

A)   ​collateral promises.
B)   ​the one-year rule.
C)   ​sales of goods.
D)   ​secondary contracts.E) B) and C)
F) All of the above

Question 2

An agreement subject to a writing requirement must necessarily be written on paper.

Accepted Answer

A) True 
 B)False

Question 3

A contract in which a party assumes a primary obligation normally must be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 4

A contract involving interests in property of any kind must be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 5

primary obligation is a promise to pay another's debt only if that party fails to pay.​

Accepted Answer

A) True 
 B)False

Question 6

Most nations do not require contracts to be in writing to be enforceable.

Accepted Answer

A) True 
 B)False

Question 7

Alice and Bart enter into a contract for the sale of Canyon Ranch. To be enforceable, this contract must be

Accepted Answer

A)   ​substantiated by reliable, external evidence.
B)   ​signed in a sufficient manner by both parties.
C)   ​in writing or evidenced by a written memorandum.
D)   ​all of the choices.E) B) and C)
F) A) and D)

Question 8

In an exchange of e-mails, Rob, a landlord, and Sam agree to a lease of a certain apartment for one year. Under the Statute of Frauds, this lease is enforceable provided

Accepted Answer

A)   ​the e-mail is signed by the party against whom enforcement is sought.
B)   ​the parties print and sign a hard copy of a document titled "Lease."
C)   ​there is outside evidence, such as a security deposit, of the lease.
D)   ​no one else signs a lease for the apartment before Sam moves in.E) A) and D)
F) All of the above

Question 9

Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable, this contract must include

Accepted Answer

A)   ​a correct title, such as "Land Transfer" or "Real Estate Agreement."
B)   ​a declaration of the contract's purpose.
C)   ​a statement of the source of financing.
D)   ​a description of the land.E) A) and B)
F) C) and D)

Question 10

Fact Pattern 16-2
Charlie and Dill sign a written contract for the sale of Dill's BBQ Food Truck to Charlie. The parties intend their written contract to be a final statement of the terms of their agreement.
-Refer to Fact Pattern 16-2. Later Dill disputes some of the provisions in the deal with Charlie. If the dispute results in litigation, a court will most likely exclude evidence that​

Accepted Answer

A)   supports the written terms.​
B)   ​contradicts the written terms.
C)   ​duplicates the written terms.
D)   ​reinforces the written terms.E) B) and C)
F) All of the above

Question 11

Marketing, Inc., and Nature's Foods Corporation (NFC)  discuss a contract. They exchange "signed" e-mails that summarize the terms on which they agree. Marketing begins to perform, but Nature's refuses to pay. Between Marketing and Nature's, the e-mails are

Accepted Answer

A)   ​a post-contract.
B)   ​a pre-contract.
C)   ​a written contract.
D)   ​no contract.E) A) and B)
F) A) and C)

Question 12

Daredevil Rides Inc. owes debts to Equipment Repair Company and Food Supplies, Inc. Equipment orally agrees to assume Daredevil's debt to Food to prevent the concessionaire from filing a suit against Daredevil. This agreement is enforceable by

Accepted Answer

A)   ​none of the choices.
B)   ​Daredevil, Equipment, or Food.
C)   ​Daredevil only.
D)   ​Equipment only.E) None of the above
F) A) and D)

Exam 16: The Writing Requirement in Our Digital World

Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable, this contract must include

Correct Answer
verified

Correct Answer
verified

A contract in which a party assumes a primary obligation normally must be in writing to be enforceable.

Correct Answer
verified

In an exchange of e-mails, Rob, a landlord, and Sam agree to a lease of a certain apartment for one year. Under the Statute of Frauds, this lease is enforceable provided

Correct Answer
verified

Alice and Bart enter into a contract for the sale of Canyon Ranch. To be enforceable, this contract must be

Correct Answer
verified

A contract involving interests in property of any kind must be in writing to be enforceable.

Correct Answer
verified

Daredevil Rides Inc. owes debts to Equipment Repair Company and Food Supplies, Inc. Equipment orally agrees to assume Daredevil's debt to Food to prevent the concessionaire from filing a suit against Daredevil. This agreement is enforceable by

Correct Answer
verified

Marketing, Inc., and Nature's Foods Corporation (NFC) discuss a contract. They exchange "signed" e-mails that summarize the terms on which they agree. Marketing begins to perform, but Nature's refuses to pay. Between Marketing and Nature's, the e-mails are

Correct Answer
verified

primary obligation is a promise to pay another's debt only if that party fails to pay.

Correct Answer
verified

Most nations do not require contracts to be in writing to be enforceable.

Correct Answer
verified

Correct Answer
verified

An agreement subject to a writing requirement must necessarily be written on paper.

Correct Answer
verified

Exam 16: The Writing Requirement in Our Digital World

Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable, this contract must include

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A contract in which a party assumes a primary obligation normally must be in writing to be enforceable.

Correct AnswerverifiedShow Answer

In an exchange of e-mails, Rob, a landlord, and Sam agree to a lease of a certain apartment for one year. Under the Statute of Frauds, this lease is enforceable provided

Correct AnswerverifiedShow Answer

Alice and Bart enter into a contract for the sale of Canyon Ranch. To be enforceable, this contract must be

Correct AnswerverifiedShow Answer

A contract involving interests in property of any kind must be in writing to be enforceable.

Correct AnswerverifiedShow Answer

Daredevil Rides Inc. owes debts to Equipment Repair Company and Food Supplies, Inc. Equipment orally agrees to assume Daredevil's debt to Food to prevent the concessionaire from filing a suit against Daredevil. This agreement is enforceable by

Correct AnswerverifiedShow Answer

Marketing, Inc., and Nature's Foods Corporation (NFC) discuss a contract. They exchange "signed" e-mails that summarize the terms on which they agree. Marketing begins to perform, but Nature's refuses to pay. Between Marketing and Nature's, the e-mails are

Correct AnswerverifiedShow Answer

primary obligation is a promise to pay another's debt only if that party fails to pay.​

Correct AnswerverifiedShow Answer

Most nations do not require contracts to be in writing to be enforceable.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

An agreement subject to a writing requirement must necessarily be written on paper.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

primary obligation is a promise to pay another's debt only if that party fails to pay.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified