Business Law - Chapter 15 flashcards | Quizlet - Business...

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1/3/15 1:19 AMBusiness Law - Chapter 15 flashcards | QuizletReady to study?Start with FlashcardsBusiness Law - Chapter 1541 terms byPattersonVTHannah orally agrees to sell her house to
Page 1 of 10law that began the practice of requiringwritten evidence of certain kinds ofcontracts, but now the British governmenthas repealed the writing requirement formost contracts.
Brett for $175,000. If she delivers the deedto Brett with the expectation of payment intwo weeks and he fails to pay, most courtswill not enforce the contract since it was notin writing.Any contract involving a sale of goods of
$100 or more must be in writing.Bry, Inc. and Gangl Co. entered into an oralagreement for the sale of 3,000 sweaters.
The original statute of frauds is the English
1/3/15 1:19 AMBusiness Law - Chapter 15 flashcards | QuizletSweet Plantation, Inc. made a written
Page 2 of 10being divided into building lots. Nancy wasinterested in purchasing the corner lot. In asigned writing, Patrick stated "I will sellNancy Grimes a lot on Route 70 for $5,500cash, payable on April 30, 2009." Thiswriting is sufficient under the statute offrauds to make the contract enforceable.
contract with Candy, Inc. whereby SweetPlantation agreed to supply all of Candy'ssugar requirements for the next year at $.25per pound. A dispute arose as to how muchsugar Sweet is to supply. The parol evidencerule will bar Sweet's introduction ofevidence concerning the intent of therequirements of Candy.Raymond agrees to transfer an easement
right to Sandra for $1,000. This contract iswithin the statute of frauds and thereforeneeds to be in writing to be enforceable.Ramona orally agreed to work for Brahma,
Inc. for the rest of her life for $50,000 peryear. This agreement would not beenforceable since it violates the one-yearrule of the statute of frauds.Parol evidence refers to anything (other than
the written contract itself) that was said,done, or written before or as the partiessigned the contract.Patrick owned an acre of land which was

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