Correct Answer
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True/False
Correct Answer
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True/False
Correct Answer
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Multiple Choice
A) according to its terms,it cannot be performed within 1 year
B) its actual performance is not completed within 1 year
C) no one could perform the duties within 1 year
D) it would take no one more than a year to perform
E) in the past,no one has performed a similar contract within 1 year
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Multiple Choice
A) prior or contemporaneous oral statements that alter,contradict,or add to the terms of the contract
B) prior or contemporaneous oral statements that explain ambiguities in the contract
C) subsequent oral statements that modify the contract
D) A and C
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Multiple Choice
A) A contract for the sale of one piece of business equipment costing $700.
B) A contract for the sale of two pieces of business equipment costing $300 each.
C) A contract for the purchase of a secondhand piece of home furniture from a consumer by a consumer in the amount of $600.
D) A and B only are required.
E) A,B,and C are required.
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True/False
Correct Answer
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Multiple Choice
A) must be in writing only if the value of the land exceeds $500
B) requires at least two promisors
C) must be in writing in order to be enforceable
D) is governed exclusively by the Uniform Commercial Code
E) must be in writing or there is no contract
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Multiple Choice
A) Mandy loses because of the parol evidence rule.
B) Mandy loses because he had not yet paid the $10 extra per day.
C) Mandy wins because the parol evidence does not apply.
D) Mandy loses because of the Statute of Frauds.
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Multiple Choice
A) The losing party purposely deceived the other party about a material fact.
B) The losing party will not be allowed to introduce evidence to contradict a written agreement.
C) The losing party cannot enforce an oral contract that should have been in writing.
D) The losing party was found by the court to have lied,and will therefore lose the case.
E) The winning party has proven criminally fraudulent conduct on the part of the losing party.
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Multiple Choice
A) Yes; it was an agreement made in contemplation of marriage.
B) No,the agreement was not in writing.
C) Yes,so long as the terms were reasonably specific or ascertainable.
D) No; the agreement is contrary to public policy.
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Multiple Choice
A) The modified agreement is enforceable even though it was an oral modification to a written contract.
B) The parol evidence rule would prohibit the introduction of evidence of the contract modification.
C) The modified agreement is unenforceable because it is lacking consideration.
D) The modified agreement is enforceable because it was made within one year of the date that the original contract was executed.
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Multiple Choice
A) The guest can introduce evidence of the oral statement to prove her entitlement to a refund.
B) The oral statement will take precedence over the terms of the written agreement.
C) The oral statement will be ignored by a court.
D) The contract is against public policy because of its mixture of oral and written terms.
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Multiple Choice
A) be in writing in order to be valid
B) be in writing in order to be enforceable
C) contain a promise for an act
D) have two or more attorneys present at the signing of a written contract
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Essay
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View Answer
Essay
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View Answer
Multiple Choice
A) This contract is voidable because it is not in writing.
B) This contract is unenforceable because of the Statute of Frauds.
C) Because the parties are adults,it is certain that there is no problem with capacity.
D) This is a unilateral contract if only one party transfers land.
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Multiple Choice
A) will be considered void due to the ambiguity
B) will be interpreted to not include the service
C) will be interpreted to include the one adjustment,but no others
D) will be interpreted to include the stated adjustment,as well as any others reasonably needed
E) will be interpreted as if the two contradictory terms were not part of the agreement
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Multiple Choice
A) fixtures
B) mortgages,leases,easements,and life estates
C) insurance contracts on interests in land
D) A and B only
E) A,B,and C
Correct Answer
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Multiple Choice
A) Yes. He specifically agreed to repay the loan.
B) No; the loan was for the benefit of his daughter and he received no tangible benefit.
C) No; not if he did not sign for the loan.
D) No,unless he used the vehicle for his own purposes.
Correct Answer
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