chapter 15 flashcards | Quizlet - chapter 15 flashcards | Quizlet Ready to study Start with Flashcards 1:17 AM chapter 15 Hannah orally agrees to sell

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 toBrett 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. Bry, Inc. and Gangl Co. entered into an oralagreement for the sale of 3,000 sweaters.Both parties performed as required under thecontract. Bry delivered the sweaters andGangl accepted and paid for them. Since thecontract is fully executed, it makes nodifference that it was oral. Parol evidence refers to anything (other thanthe written contract itself) that was said,done, or written before or as the partiessigned the contract. Either party may demand rescission of afully executed oral contract if it was requiredto have been in writing under the statute offrauds. Rest Well Hotel orally ordered 1,000blankets monogrammed with its initials,RWH, from TriColor Textiles. TriColor hadjust finished monogramming the blanketswhen Rest Well called and canceled theorder. TriColor will be able to enforce theagreement even though there was no writing.
1/3/15 1:17 AM chapter 15 flashcards | Quizlet Page 2 of 5

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