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Two individuals signed a contract that wasintended to be their entire agreement. Theparol evidence rulewill prevent the admission of evidenceoffered to:A party who has the right and power toavoid a contract may lose that powerbecauserights of third parties intervene,she affirmsthe contract,she unreasonably delays indisaffirming the contractIf CNN offers Lee a job, but there is no timespecified for him to accept or reject it. Whendoes the offerterminate?If Brad and David sign a contract that says ifeither of them breach it, the other agrees thattheir damageswill be $1000.00, and nothing more. Theseagreed upon damages are an example ofliquidated damages
11/23/14 6:18 PMBLAW FINAL flashcards | QuizletPage 21 of 23.Drewsuesandisawardedcompensatorydamagesfrom Chase. The purpose of thecompensatory damagesis to place Drew in the same position hewould have been in had Chase fullyperformed the contract.Ryan, a minor, contracted to sell his auto toEd, a 28-year-old. Ryan later refused tocomplete the sale. IfEd sues to enforce the contract, Ed will:An agreement between the parties to acontract to terminate their respectivecontractual duties is a mutualrescission.If Jane persuades Linda to buy her horse bytelling Linda that the horse runs "like thewind," then Jane'sstatement is:contract is within thestatute of frauds and therefore needs to be inwriting to be enforceable.Vicki entered into a written contract to buy acar from Valley Motors. The writtencontract included aprovision that stated, "This writing is the fulland final expression of the parties'agreement; anything saidbefore signing or while signing isirrelevant." This is:
11/23/14 6:18 PMBLAW FINAL flashcards | QuizletPage 22 of 23Amanda, a recent university graduate,needed a car to get to her new job. To helpAmanda secure a loanfor the car, Ted, a friend, agreed to act assurety for the loan, agreeing to pay the loanshould Amandadefault. Ted's promise to pay the loan is acollateral promise. His promise must be inwriting to beenforceable.