Ch15-TB1-WBL-10e

Ch15-TB1-WBL-10e - Chapter15 TheStatuteofFrauds

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Chapter 15 The Statute of Frauds N.B.:   TYPE  indicates that a question is new, modified, or unchanged, as  follows. N A question  new  to this edition of the Test Bank. + A question  modified  from the previous edition of the Test Bank, = A question  included  in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Under the Statute of Frauds, a contract that is not in writing is void. ANSWER: F PAGE: 293 TYPE: = 2. The Statute of Frauds requires that statutes must be in writing. ANSWER: F PAGE: 293 TYPE: = 3. An oral contract for a transfer of an interest in land is never enforceable. ANSWER: F PAGE: 294 TYPE: + 4. All   contracts   involving   interests   in   land   must   be   in   writing   to   be  enforceable. ANSWER: T PAGE: 294 TYPE: = 5. A contract involving a  lease  is the only contract relating to an interest in  land that must be in writing to be enforceable. 143
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144 TEST BANK 1: UNIT THREE: CONTRACTS AND E-CONTRACTS ANSWER: F PAGE: 294 TYPE: = 6. A contract that by its own terms  cannot  be performed within a year must be  in writing to be enforceable. ANSWER: T PAGE: 295 TYPE: =
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CHAPTER 15: THE STATUTE OF FRAUDS 145 7. If a contract to do something in certain intervals over a period of  more  than  one year is  not  in writing, it is not enforceable. ANSWER: T PAGE: 295 TYPE: = 8. If a contract to do something in certain intervals over a period of  less  than  one year is  not  in writing, it is not enforceable. ANSWER: F PAGE: 295 TYPE: = 9. A contract must be in writing to be enforceable if performance is impossible  within one year. ANSWER: T PAGE: 295 TYPE: + 10. All  collateral  promises must be in writing to be enforceable. ANSWER: F PAGE: 296 TYPE: = 11. All  promises must be in writing to be enforceable. ANSWER: F PAGE: 296 TYPE: N 12. A  party’s oral agreement to pay another’s debt is enforceable under any  circumstances. ANSWER: F PAGE: 296 TYPE: = 13. To be enforceable, a contract for a sale of goods priced at $500 or more  should be in writing. ANSWER: T PAGE: 297 TYPE: + 14. There are no exceptions to the Statute of Frauds. ANSWER: F PAGE: 298 TYPE: = 15. An oral contract for a sale of land may be enforceable if the contract has  been partially performed. ANSWER: T PAGE: 298 TYPE: =
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146 TEST BANK 1: UNIT THREE: CONTRACTS AND E-CONTRACTS 16. An oral contract that must be in writing to be enforceable is  not  enforceable  even if the parties to it admit to its existence in court.
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This note was uploaded on 10/15/2010 for the course ACCT ACCT40 taught by Professor Birnbaum during the Fall '08 term at CUNY Brooklyn.

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Ch15-TB1-WBL-10e - Chapter15 TheStatuteofFrauds

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