Week 5 Quiz 1.docx - Chapter 5 Quiz 1 Which of the...

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Chapter 5 Quiz 1. Which of the following would suffice for a signature on a writing under the Statute of Frauds? a. Any of these would suffice. Judges define “signature” very broadly. 2. Tim sent an email to Belinda offering to sell his care to her for $5,000. Belinda texted Tim back offering to pay $4,000 for the car. A valid contract did not exist because a. Belinda did not accept Tim’s offer; she is still negotiating. 3. The basic distinction between an executory contract and an executed contract is that a. All parties have fulfilled their obligations in an executed contract. 4. When Myrtle comes home from work one evening, she finds that her yard has been mowed and trimmed. Later, a man comes to collect for the yard work done. Myrtle refuses to pay for the work since she has never seen the man before and did not hire him to do her yard work. Which of the following answers is most accurate? a. Myrtle would not have to pay for the yard work.

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