chapter 15 flashcards | Quizlet

chapter 15 flashcards | Quizlet - chapter 15 flashcards |...

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1/3/15 1:17 AM chapter 15 flashcards | Quizlet Page 1 of 5 Ready to study? Start with Flashcards chapter 15 18 terms by cbgraY84 Hannah orally agrees to sell her house to Brett for $175,000. If she delivers the deed to Brett with the expectation of payment in two weeks and he fails to pay, most courts will not enforce the contract since it was not in writing. false Bry, Inc. and Gangl Co. entered into an oral agreement for the sale of 3,000 sweaters. Both parties performed as required under the contract. Bry delivered the sweaters and Gangl accepted and paid for them. Since the contract is fully executed, it makes no difference that it was oral. true Parol evidence refers to anything (other than the written contract itself) that was said, done, or written before or as the parties signed the contract. true Either party may demand rescission of a fully executed oral contract if it was required to have been in writing under the statute of frauds. false Rest Well Hotel orally ordered 1,000 blankets monogrammed with its initials, RWH, from TriColor Textiles. TriColor had just finished monogramming the blankets when Rest Well called and canceled the order. TriColor will be able to enforce the agreement even though there was no writing. true
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1/3/15 1:17 AM chapter 15 flashcards | Quizlet Page 2 of 5 Robin and Bellman, both merchants, orally agree to a contract for the sale of $5000 of accessories. Bellman, the buyer, sends to Robin, the seller, a written confirmation of the sale, which is sufficient against Bellman under the statute of frauds and which Bellman signs. Robin does not sign. Robin fails to perform the contract and does not ship out the goods. Bellman sues. This contract is:
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