ch 15 - Chapter 15 The Statute of Frauds Writing...

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Sheet1 Page 1 Chapter 15 The Statute of Frauds¡ª Writing Requirement TRUE/FALSE QUESTIONS A1. Under the Statute of Frauds, a contract that is not in writing is void. ANSWER: F PAGE: 303 TYPE: = NAT: AACSB Analytic AICPA Legal B1. Under the Statute of Frauds, a contract that is in writing is void. ANSWER: F PAGE: 303 TYPE: = NAT: AACSB Analytic AICPA Legal A2. The Statute of Frauds requires that statutes must be in writing. ANSWER: F PAGE: 303 TYPE: = NAT: AACSB Analytic AICPA Legal B2. The Statute of Frauds requires that fraud must be proved by a writing. ANSWER: F PAGE: 303 TYPE: = NAT: AACSB Analytic AICPA Legal A3. A contract involving property of any kind must be in writing to be enforceable. ANSWER: F PAGE: 303 TYPE: N NAT: AACSB Analytic AICPA Legal TEST BANK A: UNIT THREE: CONTRACTS AND E-CONTRACTS B3. Under the Statute of Frauds, all contracts must be in writing to be enforceable. ANSWER: F PAGE: 303 TYPE: N NAT: AACSB Analytic
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Sheet1 Page 2 AICPA Legal A4. A contract involving a lease is the only contract relating to an interest in land that must be in writing to be enforceable. ANSWER: F PAGE: 303 TYPE: = NAT: AACSB Reflective AICPA Legal B4. A written contract for a transfer of land is enforceable. ANSWER: T PAGE: 304 TYPE: = NAT: AACSB Reflective AICPA Legal A5. An oral contract for a transfer of an interest in land is never enforceable. ANSWER: F PAGE: 304 TYPE: = NAT: AACSB Reflective AICPA Legal B5. A contract involving a sale is the only contract relating to an interest in land that must be in writing to be enforceable. ANSWER: F PAGE: 304 TYPE: = NAT: AACSB Analytic AICPA Legal A6. A contract that by its own terms cannot be performed within a year must be in writing to be enforceable. ANSWER: T PAGE: 304 TYPE: Err:509 AICPA Legal CHAPTER 15: THE STATUTE OF FRAUDS¡ªWRITING REQUIREMENTS B6. A contract does not need to be in writing to be enforceable if it makes performance possible within any definite period of time. ANSWER: F PAGE: 304 TYPE: = NAT: AACSB Analytic AICPA Legal A7. A contract may have to be in writing to be enforceable even if its performance is possible within a year. ANSWER: T
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Sheet1 Page 3 PAGE: 304 TYPE: N NAT: AACSB Analytic AICPA Legal B7. A contract must be in writing to be enforceable if the contract makes performance within one year possible. ANSWER: F PAGE: 304 TYPE: = NAT: AACSB Analytic AICPA Legal A8. 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: 304 TYPE: = NAT: AACSB Analytic AICPA Legal B8. A contract that has not been fully performed by the end of a year from the day of its making must be rewritten to continue in force. ANSWER: F
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ch 15 - Chapter 15 The Statute of Frauds Writing...

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