Question 1

Eustace and Durango Oil Company enter into an oral contract under which Eustace agrees to work on a Durango oil rig for not less than six months.This contract is enforce?able by

Accepted Answer

The oral contract is not enforceable because it violates the statute of frauds, which requires certain contracts, including contracts for the sale of goods over $500 and contracts that cannot be performed in one year, to be in writing. In this case, the contract cannot be performed within one year, so it must be in writing to be enforceable.

Question 2

Fact Pattern 15-B1 
Odell and Pete sign a contract for the sale of Odell's Pizza Parlor to Pete.The parties intend their written contract to be a final statement of most,but not all,of the terms of their agreement-Odell must first buy the building from Quin,after which Odell and Pete will negotiate a final price.
-Refer to Fact Pattern 15-B1.The writing that Odell and Pete signed is

Accepted Answer

The fact pattern states that the parties intend their written contract to be a final statement of most, but not all, of the terms of their agreement. This means that the contract is only partially integrated, as there are additional terms that will be negotiated between Odell and Pete after Odell buys the building from Quin.

Question 3

Beta Grocers orders by phone twenty cartons of canned beets from Carotene Food Packers,Inc.After ten cartons are delivered and accepted,Beta repudiates the contract.Carotene can enforce the contract to

Accepted Answer

Carotene can enforce the contract to the extent of the ten accepted cartons as that is the amount that was delivered and accepted. Since the order was placed orally, it may be harder to prove the terms of the contract, but the fact that ten cartons were accepted and delivered shows that there was an agreement between the parties for at least that amount.

Question 4

E-Business,Inc.files a suit against Federated Financial Corporation,asking the court to enforce an oral contract between the parties under the doctrine of promissory estoppel.This doctrine applies in

Accepted Answer

Promissory estoppel is a common law doctrine that prevents a party from going back on their promise when the other party has relied on that promise to their detriment. The doctrine is recognized in varying degrees in different states, so it applies in some states but not in others. Therefore, the best choice is D, some states.

Question 5

Fresh Air Filter & Purification Company and Big Box Commercial Storage Company enter into a long-term lease for a warehouse.To be enforceable,the lease must be in writ?ing if the amount of the rent payment is

Accepted Answer

The Statute of Frauds requires that certain contracts, including leases for more than one year, must be in writing to be enforceable, regardless of the rent amount.

Question 6

Sierra Lumber Company and Recycle & Resale,Inc. , (R&R)enter into an oral contract for Sierra's sale to R&R of six used forklifts for $2,900 each.Before R&R takes posses?sion of the goods,this contract is enforceable by

Accepted Answer

Under the Statute of Frauds, contracts for the sale of goods priced at $500 or more must be in writing to be enforceable. Since this is an oral contract for goods totaling more than $500, it is not enforceable by either party.

Question 7

Nutrition Services,LLC,and Oneida's Catering & Café Supply Company sign a writ?ten con?tract that does not involve a sale of goods.To be enforceable,the writing must include

Accepted Answer

For a contract to be enforceable, it must include a statement of consideration, which is the value exchanged between the parties.

Question 8

Ramon contracts in writing to sell his Little Shop of Bagels to Suni.When Suni discovers that the kitchen equipment has been removed,she files a suit against Ramon.The court decides that the written contract includes everything that the parties intended.An agreement about the kitchen equipment may be admissible if it is

Accepted Answer

A subsequent modification of the parties' contract may be admissible because it reflects a change agreed upon by both parties after the original contract was made.

Question 9

Gia orally promises Heck that she will buy his fishing trawler.For this promise to be enforceable under the doctrine of promissory estoppel

Accepted Answer

For a promise to be enforceable under the doctrine of promissory estoppel, the promisor must reasonably foresee that the promisee will rely on the promise to their detriment. In this case, if Heck relies on Gia's promise to sell him the fishing trawler and suffers a detriment as a result (such as turning down other offers or spending money to prepare for the purchase), Gia may be estopped from going back on her promise. The other options are not relevant to the application of promissory estoppel.

Question 10

Lena buys a used MP3 player for $50 and a new laptop for $1,500,and signs a one-year employment contract for a $4,500 monthly salary to start at the beginning of the next month.The Statute of Frauds covers

Accepted Answer

The answer of Lena buys a used MP3 player for...

Question 11

Sid induces Ty to enter into a contract for the sale of a warehouse about which Sid fraudulently misrepresents a number of material facts.Sid also tells Ty that his commission is 6 percent,but their signed,written contract states "12 percent." The parol evidence rule governs

Accepted Answer

The parol evidence rule governs the admissibility in court of oral evidence that contradicts or supplements the written terms of a contract.

Question 12

Valley Commercial Space,Inc. ,orally contracts for a lease of its facilities to Willis for the use of his start-up driftboat company.Willis pays part of the price,takes possession,and improves the property for his boatbuilding enterprise.The contract is most likely enforceable by

Accepted Answer

Both Valley and Willis have entered into an oral contract and have performed part of the agreement. Therefore, the contract is enforceable by both parties. As for the third party, such as a driftboat customer, they do not have any contractual rights as they are not a party to the contract. The contract cannot be enforced by no one as Valley and Willis have partially executed the agreement.

Question 13

Dotty tells a representative of Education Loan Company over the phone that she will pay Felipe's student loan if he does not.Dotty does not get any per?sonal benefit for the promise.This promise is enforceable as a contract by

Accepted Answer

This promise is not a valid contract as it lacks consideration. Dotty does not receive any personal benefit or consideration in exchange for the promise to pay Felipe's student loans. Without consideration, there can be no enforceable contract.

Question 14

Vidal files a suit against Spectator Sports World,Inc. ,to enforce a con?tract.The only written evidence of the contract is a memo on Spectator's let?terhead signed by a company officer.The con?tract can be en?forced if the memo includes

Accepted Answer

The contract can only be enforced if the memo includes all essential terms, which would make it a valid contract. The other options, such as a correct title or reference to the source of funds, may be helpful but are not necessary for enforceability. The name and title of the person who signed the memo may be helpful for identifying the responsible party but are not required for enforceability.

Question 15

Fact Pattern 15-B1 
Odell and Pete sign a contract for the sale of Odell's Pizza Parlor to Pete.The parties intend their written contract to be a final statement of most,but not all,of the terms of their agreement-Odell must first buy the building from Quin,after which Odell and Pete will negotiate a final price.
-Refer to Fact Pattern 15-B1.Pete later disputes some of the provisions of the deal with Odell.If the dispute results in litigation,a court will most likely admit evidence of

Accepted Answer

Since the contract specifically states that it is not a final statement of all terms, evidence of consistent additional terms, as opposed to contradictory or fraudulent terms, would likely be admitted to clarify the intent of the parties. Ambiguous terms would also be admitted, but it is not specified whether there are any in this scenario.

Question 16

Trey and Unice orally agree on the sale of Trey's Health Club to Unice and note the terms on a sheet of the club's stationery,which Trey signs.This agreement is most likely enforceable against

Accepted Answer

The agreement is enforceable against Trey because he signed the document, indicating his acceptance of the terms.

Question 17

Rand offers Quade the amount of a down payment on a house if Quade marries Rand's daughter Pepper.This promise is enforceable

Accepted Answer

In most states, promises made in exchange for marriage are required to be in writing to be enforceable under the statute of frauds. This means that for a promise like the one in the question, it would need to be in writing to be legally enforceable.

Question 18

Vern's Roofing Company and Weatherall Tiles,Inc. ,sign a written con?tract for a sale of goods.To be enforceable,this written contract must include

Accepted Answer

A quantity term is essential to specify the amount of goods being sold in the contract. A correct title or a date may be helpful but not necessary. The parties' cell phone numbers or e-mail addresses are also not required in a sale of goods contract.

Question 19

Grady obtains a business loan from Farmers County Bank.To keep Grady in business,and thereby obtain the benefits of a deal between them,Dakota promises the bank's loan officer that she will repay the loan if Grady does not.To be enforceable,Dakota's promise

Accepted Answer

The answer of Grady obtains a business loan from Farmers...

Question 20

Isaac and Holiday Fruit Company enter into an oral contract under which Isaac agrees to pro?vide delivery service for holiday Fruit for nine months.This con?tract is enforceable by

Accepted Answer

The contract is unenforceable because it is not in writing.

Quiz 15: A: The Statute of Frauds