Ch15-TB2-WBL-10e

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

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