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Blake and Carla sign a contract for the sale of Blake's Bakery to Carla. The parties intend their written contract to be a final statement of most, but not all, of the terms of their agreement. In a dispute between the parties, with respect to the terms, a court is most likely to admit evidence that is


A) ambiguous.
B) consistent.
C) contradictory.
D) clear.

E) C) and D)
F) B) and D)

Correct Answer

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A contract that is oral is always enforceable against a party to the agreement who does not wish to follow through with it.

A) True
B) False

Correct Answer

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

A) True
B) False

Correct Answer

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Under the Statute of Frauds, a contract involving an interest in land must be in writing to be enforceable.

A) True
B) False

Correct Answer

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Because the Convention on Contracts for the International Sale of Goods incorporates a Statute of Frauds provision, most nations require contracts to meet certain writing requirements to be enforceable.

A) True
B) False

Correct Answer

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An oral contract that should be in writing to be enforceable under the Statute of Frauds may be enforceable if it has been partially performed.

A) True
B) False

Correct Answer

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Gusher Irrigation Inc. and Heartland Farm enter into a contract for a sale of irrigation equipment for $50,000. To be enforceable, the contract should be in writing and identify


A) the source of payment.
B) the price.
C) the terms of payment.
D) the quantity.

E) A) and C)
F) All of the above

Correct Answer

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Any confirmation, invoice, sales slip, check, or e-mail may constitute a writing that satisfies the Statute of Frauds.

A) True
B) False

Correct Answer

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In a dispute regarding an insurance claim, if a term in the written policy is ambiguous, parol evidence is admissible to show the meaning.

A) True
B) False

Correct Answer

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The purpose of the Statue of Frauds is to ensure that, for certain types of contracts, there is reliable evidence of the contracts and their terms.

A) True
B) False

Correct Answer

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An oral contract for customized goods may be enforced in certain circumstances.

A) True
B) False

Correct Answer

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To be enforceable, a contract that is required to be in writing must include


A) no particular signatures.
B) the signatures of all of the parties to the agreement.
C) the signature of the party against whom enforcement is sought.
D) the signature of the party who is seeking enforcement.

E) B) and C)
F) A) and D)

Correct Answer

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