Ch15-TB2-WBL-10e - Chapter15 TheStatuteofFrauds...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
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 in writing is void. ANSWER: F PAGE: 293 TYPE: N 2. The Statute of Frauds requires that fraud must be proved by a writing. ANSWER: F PAGE: 293 TYPE: = 3. The Statute of Frauds requires that certain types of contracts must be in  writing to be enforceable. ANSWER: T PAGE: 293 TYPE: = 4. A written contract for a transfer of land is enforceable. ANSWER: T PAGE: 294 TYPE: = 5. A contract involving a   sale   is the only contract relating to an interest in  land that must be in writing to be enforceable. 145
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
146 TEST BANK 2—UNIT THREE: CONTRACTS AND E-CONTRACTS ANSWER: F PAGE: 294 TYPE: = 6. A contract involving a  mortgage  is the only contract relating to an interest  in land that must be in writing to be enforceable. ANSWER: F PAGE: 294 TYPE: N
Image of page 2
CHAPTER 15: THE STATUTE OF FRAUDS 147 7. A contract does  not  need to be in writing to be enforceable if it makes per- formance possible within any definite period of time. ANSWER: F PAGE: 295 TYPE: N 8. A contract must be in writing to be enforceable if the contract makes per- formance within one year possible. ANSWER: F PAGE: 295 TYPE: + 9. A contract must be in writing to be enforceable if it makes performance  possible only over a period of  more  than one year. ANSWER: T PAGE: 295 TYPE: + 10. A contract does  not  need to be in writing to be enforceable if the contract  makes performance within one year possible. ANSWER: T PAGE: 295 TYPE: = 11. No  collateral promise needs to be in writing to be enforceable. ANSWER: F PAGE: 296 TYPE: = 12. A party’s oral agreement to pay another’s debt is enforceable if the party’s  main purpose is to derive a benefit for himself or herself. ANSWER: T PAGE: 296 TYPE: = 13. An oral contract for a sale of goods may be enforceable if the goods are  priced at $499.99 or less. ANSWER: T PAGE: 297 TYPE: = 14. A prenuptial agreement does not have to be in writing to be enforceable. ANSWER: F PAGE: 297 TYPE: = 15. A   contract   for   a   sale   of   goods   does   not   need   to   be   in   writing   to   be  enforceable. ANSWER: F PAGE: 297 TYPE: +
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
148 TEST BANK 2—UNIT THREE: CONTRACTS AND E-CONTRACTS 16. An oral contract for a sale of land cannot be enforced even if the contract  has been partially performed.
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern