10. Contracts that are required to be in writing under the Statute Of Frauds are
ID: 1209921 • Letter: 1
Question
10.Contracts that are required to be in writing under the Statute Of Frauds are: (note: there may be more than one correct answer)
contracts transferring an interest in land.
contracts predicated on a condition precedent.
contracts for the international sale of goods.
contracts for the sale of goods costing $500 or more
11. Oral contracts that come under the provisions of the Statute of Frauds are:
void.
voidable.
valid.
unenforceable.
12. When parties to an oral contract that would otherwise have been subject to the Statute of Frauds writing requirements have both fully performed their obligations under the contract, the parties are:
allowed to rescind the contract.
not allowed to rescind the contract.
allowed to seek compensatory damages.
not allowed to recover the value of performance.
13. The equitable doctrine of __________ allows some parties to recover under oral contracts which the Statute of Frauds would have ordinarily rendered unenforceable.
estoppel by convention
equitable estoppel
promissory estoppel
proprietary estoppel
14. Identify the correct statement regarding collateral contracts.
They do not have to be evidence by a writing to be enforceable.
They are covered by the Statute of Frauds.
They are considered to be original contracts.
The guarantor is primarily liable to perform the contractual duty.
15. The collateral promises of those who are primarily motivated by a desire to secure some personal benefit fall outside the Statute of Frauds due to:
the leading object doctrine.
the equitable doctrine of promissory estoppel.
the definition of collateral contracts.
the definition of guaranty contracts.
16. As codified by most states, the Statute of Frauds generally provides that:
memorandums satisfying the requirement for a writing need only be signed by the party to be bound.
evidence of an oral agreement is never admissible.
only a series of numbers unique to each person printed on a memorandum will suffice as a signature.
the signature should appear at the bottom right hand corner of the memorandum.
a.contracts transferring an interest in land.
b.contracts predicated on a condition precedent.
c.contracts for the international sale of goods.
d.contracts for the sale of goods costing $500 or more
Explanation / Answer
10. Contracts that are required to be in writing under the Statute of Frauds are
a. contract transferring an interest in land.
c. contracts for the sale of goods costing $500 or more..
11. Oral contracts that come under the provisions of the Statute of Frauds are:
b. voidable.
12. When parties to an oral contract that would otherwise have been subject to the Statute of Frauds writing requirements have both fully performed their obligations under the contract, the parties are:.
c. allowed to seek compensatory damages.
13. The equitable doctrine of __________ allows some parties to recover under oral contracts which the Statute of Frauds would have ordinarily rendered unenforceable.
c. promissory estoppel
14. Identify the correct statement regarding collateral contracts:
b. they are covered by the Statute of Frauds..
15. The collateral promises of those who are primarily motivated by a desire to secure some personal benefit fall outside the Statute of Frauds due to:
a. the leading object doctrine.
16. As codified by most states, the Statute of Frauds generally provides that:
a. memorandums satisfying the requirement for a writing need only be signed by the party to be bound.
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