Enforceable because willis has partially performed

This preview shows page 2 - 5 out of 7 pages.

Q10.docx

Question 5   1 / 1 point Willis and Leslie orally agree to the sale of a parcel of land for $ 50,000 : one - half payable now as a down payment ; one - half payable in 30 days at the time of closing when the title will be transferred . The buyer , Willis , is to have possession immediately . Willis pays Leslie $ 25,000 , takes possession of the land , and starts building a house . At the time of closing , Willis has made a substantial beginning on the house . However , Leslie refuses to transfer the title , claiming the oral contract is not enforceable . This contract is : Question options :
 enforceable , because the statute of frauds does not apply to this interest in land .
 unenforceable , because there is no writing signed by Leslie .
 enforceable , because Willis has partially performed the oral contract and made improvements on the land .
 unenforceable , because the parol evidence rule applies .
Question 7   1 / 1 point Derek and Abyan were discussing business over lunch when they agreed on the sale of a five - acre parcel of land . Since neither of them had any paper with them , Derek wrote the following on a napkin : " Abyan agrees to purchase from Derek a 5 - acre parcel located at the local address of 123 105th Street , St. Joseph , Minnesota , U.S.A. for the price of $ 4,500 per acre . Transfer of title , payment , and possession to take place on May 1 , 2008 . " Abyan signed the napkin . On May 1 , 2008 , Derek was ready to close the deal and transfer title but Abyan refused to pay the purchase price . If Derek sues Abyan for the price of the land , the most likely result will be : Question options :
Get answer to your question and much more
Question 8   1 / 1 point Which of the following types of contracts can not be either contradicted or supplemented by evidence of prior agreements or expressions ? Question options :
Get answer to your question and much more
Question 9   1 / 1 point Claude agrees to lease his house to Irvin for nine months , the lease to begin six months from the signing of the contract . Under the statute of frauds : Question options :
Get answer to your question and much more
Question 10   1 / 1 point The main difference between the UCC requirement for a writing for a contract for the sale of goods and the common law is that the : Question options :
 UCC requires only the signature of both parties .
 UCC does not require all the terms of the agreement to be in writing .
 common law requires only an indication that the parties reached an agreement .
 common law requires only the signature of the defendant and the quantity of goods being sold .
Question 11   1 / 1 point Which of the following promises ordinarily must be in writing to be enforceable ? Question options :
Get answer to your question and much more
enforceable, because Willis has partially performed the oral contract and made improvements on the land. unenforceable, because the parol evidence rule applies.
Question 6 1 / 1 point Abby dies, and her good friend, Claire is appointed to administer Abby's estate. Abby's house was in poor condition, so Claire orally hired a contractor to make repairs. Claire also orally promised that if the estate could not pay the repair bill, he would pay it even though he does not live in the house and has no
entitlement under Abby's estate. The estate does not pay the repair bill. Who can the contractor collect from, if anyone?
Question 7 1 / 1 point Derek and Abyan were discussing business over lunch when they agreed on the sale of a five-acre parcel of land. Since neither of them had any paper with them, Derek wrote the following on a napkin: "Abyan agrees to purchase from Derek a 5-acre parcel located at the local address of 123 105th Street, St. Joseph, Minnesota, U.S.A. for the price of $4,500 per acre. Transfer of title, payment, and possession to take place on May 1, 2008." Abyan signed the napkin. On May 1, 2008, Derek was ready to close the deal and transfer title but Abyan refused to pay the purchase price. If Derek sues Abyan for the price of the land, the most likely result will be:
Question 8 1 / 1 point Which of the following types of contracts cannot be either contradicted or supplemented by evidence of prior agreements or expressions?
All of the above.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture