Ch.+15+Questions

Ch.+15+Questions - 6. What effect does part performance...

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C H . 15 D ISCUSSION  Q UESTIONS 1. What is the Statute of Frauds?    2. Why do certain contracts have to be written to be enforceable?    3. Explain the one-year rule.   4. What is a collateral promise?   5. What is the “main purpose” rule?    creditors need not be written because the main purpose is to benefit the guarantor.
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Unformatted text preview: 6. What effect does part performance have on the enforcement of an oral contract? 7. What happens if the party against whom enforcement of an oral contract is sought admits in court that a contract was made?...
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This note was uploaded on 12/04/2010 for the course ACCT 3200 taught by Professor Martin during the Fall '08 term at Kennesaw.

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