Question 1

The Statute of Frauds states that five types of contracts need to be in writing.

Accepted Answer

The Statute of Frauds requires that contracts involving the sale of land, contracts that cannot be performed within one year, contracts for the sale of goods worth over $500, contracts in which one party becomes a guarantor for the debts of another party, and contracts for marriage must be in writing to be legally enforceable.

Question 2

A final expression of the parties' agreement is a(n)&#10;A)partially integrated contract.&#10;B)integrated contract.&#10;C)parol.&#10;D)statutory contract.

Accepted Answer

An integrated contract is a final expression of the parties' agreement that represents the complete and final agreement between the parties. It integrates all prior negotiations and agreements between the parties into a single written contract.

Question 3

Which of the following is a rule that does not allow prior oral evidence?&#10;A)Mirror image rule&#10;B)Statute of Frauds&#10;C)Parol evidence rule&#10;D)Ambiguity

Accepted Answer

The parol evidence rule is a principle in contract law that prevents parties from presenting previous oral or written statements as evidence in a case to interpret or change the terms of a written contract. This rule dictates that if a contract has been reduced to writing, any prior oral or written agreements that would change or modify the written contract are not allowed to be introduced as evidence in a lawsuit. The other options listed in the question do not pertain to this rule.

Question 4

Which of the following must be in a contract to satisfy the Statute of Frauds?&#10;A)Material terms&#10;B)All parties' signatures&#10;C)The jurisdiction&#10;D)The merger clause

Accepted Answer

Material terms must be included in a contract to satisfy the Statute of Frauds, as they are essential for determining the obligations and rights of the parties involved.

Question 5

Which of the following contracts needs to be in writing?&#10;A)Real estate&#10;B)Services&#10;C)Sales&#10;D)None of the above

Accepted Answer

A contract for real estate must be in writing in order to be enforceable. This is due to the statute of frauds, which requires certain contracts to be in writing in order to prevent fraud and misunderstandings. Contracts for services and sales may not necessarily need to be in writing, although it is always recommended to have written agreements for clarity and record-keeping purposes.

Question 6

One of the rules of contract interpretation is that words are given their plain meaning.

Accepted Answer

This is a basic principle of contract interpretation that assumes that the parties to a contract intended for the plain and ordinary meaning of the words used to be followed.

Question 7

A doctrine that examines a document within its four corners is&#10;A)merger.&#10;B)Statute of Frauds.&#10;C)parol evidence.&#10;D)strict construction.

Accepted Answer

Strict construction is a doctrine that requires a court to look only at the four corners of a document (e.g. a contract or a statute) and to interpret it based solely on the language contained within the document itself, without considering any extrinsic evidence or other outside factors.

Question 8

Executors must pay the debts of the decedent's estate from their own personal funds.

Accepted Answer

Executors use the assets of the estate to pay the debts, not their personal funds. However, if there are not enough assets in the estate to cover all the debts, the executor may need to sell some of the decedent's personal property or assets to pay off the debts. If the debts cannot be fully paid off, creditors may be out of luck.

Question 9

All contracts need to be in writing to be enforceable.

Accepted Answer

While it is recommended to have contracts in writing to avoid any miscommunications, not all contracts need to be in writing to be enforceable. Some contracts can be formed orally or through actions and still be legally binding. However, certain types of contracts, such as agreements for real estate or contracts that cannot be performed within one year, must be in writing to be enforceable under the Statute of Frauds.

Question 10

In interpreting a document, a court focuses on which of the following?&#10;A)Intentions of parties&#10;B)Meaning of the words&#10;C)All of the above&#10;D)None of the above

Accepted Answer

A court will focus on both the intentions of the parties and the meaning of the words in order to interpret a document. Both factors must be considered in order to determine the true meaning of the document in question. Therefore, both (A) and (B) are correct and the answer is (C) all of the above.

Question 11

Contracts which cannot be performed within one year of the date of the agreement do not need to be in writing.

Accepted Answer

The answer of Contracts which cannot be performed within one...

Question 12

The _________ rule states that an agency and a contract need to be in writing.&#10;A)parol evidence&#10;B)equal dignities&#10;C)mirror image&#10;D)main purpose

Accepted Answer

The answer of The _________ rule states that an agency...

Question 13

All proposals of marriage must be in writing to be enforceable.

Accepted Answer

The answer of All proposals of marriage must be in...

Question 14

The parol evidence rule allows oral evidence to be used to vary a contract.

Accepted Answer

The answer of The parol evidence rule allows oral evidence...

Question 15

Promises to pay the debts of another need to be in writing.

Accepted Answer

The answer of Promises to pay the debts of another...

Question 16

There are no exceptions to the parol evidence rule.

Accepted Answer

The answer of There are no exceptions to the parol...

Question 17

Which of the following is an exception to the parol evidence rule?&#10;A)Ambiguity&#10;B)Merger&#10;C)Alteration&#10;D)Integration

Accepted Answer

The answer of Which of the following is an exception...

Question 18

Merger clauses are used to prevent challenges to a final contract.

Accepted Answer

The answer of Merger clauses are used to prevent challenges...

Question 19

A common rule of contract interpretation is which of the following?&#10;A)Plain meaning of words&#10;B)Construe terms against drafter&#10;C)All of the above&#10;D)None of the above

Accepted Answer

The answer of A common rule of contract interpretation is...

Question 20

The rule requiring that certain contracts must be in writing is which of the following?&#10;A)Parol evidence&#10;B)Statute of Frauds&#10;C)Leading object&#10;D)Mail box

Accepted Answer

The answer of The rule requiring that certain contracts must...

Question 21

Match between columns&#10;                        Premises: Four corners doctrine.&#10;Four corners doctrine.&#10;Four corners doctrine.&#10;Four corners doctrine.&#10;Four corners doctrine.&#10;Four corners doctrine.&#10;Four corners doctrine.&#10;Four corners doctrine.&#10;Four corners doctrine.&#10;Four corners doctrine.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;A provision of a contract that relegates prior agreement.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;No oral evidence permitted to vary a contract.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Third-party offering to pay debts of another.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Requires certain contracts are in writing.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Representative of an estate.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Agency and contract must be in writing.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Specific requirements to satisfy the Statute of Frauds.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.&#10;Final expression of parties' agreement but incomplete.

Accepted Answer

The Answer of Statute of Frauds and integrated contract and is...

Deck 8: Proper Form of the Contract: the Writing