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Multiple Choice Quiz
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1
Which of the following is not a recognized purpose of the Statute of Frauds?
A)The statute attempts to ease contractual negotiations by requiring sufficiently reliable evidence to prove the existence and specific terms of a contract
B)The statute prevents unreliable oral evidence from interfering with a contractual relationship
C)The statute prevents parties from entering into contracts with which they do not agree.
D)All of the above are recognized purposes of the Statute of Frauds
2
Which of the following contracts does not "fall within" the Statute of Frauds writing requirement?
A)A contract whose terms cannot be performed within one year from the date of the contract's making
B)A contract made in consideration of marriage
C)A contract for one party to pay the debt of another party if the other party fails to pay
D)A contract for the sale of goods totaling $50
3
Under the _________ rule, contracts that would normally fall under the Statute of Frauds writing requirement if negotiated by the principal must be in writing even if negotiated by an agent.
A)Power of attorney
B)Equal disparity
C)Equal dignity
D)None of the above
4
The following represent exceptions to the Statute of Frauds, except:
A)Admission
B)Partial Performance
C)Promissory Estoppel
D)Ambiguity
5
___________ is the legal enforcement of an otherwise unenforceable contract due to a party's detrimental reliance on the contract.
A)Promissory Estoppel
B)Admission
C)Ambiguity
D)Partial Performance
6
Under the Uniform Commercial Code (UCC), oral contracts for __________ goods are enforceable even if they would normally have to be in writing. The reasoning is that such goods are not likely to be saleable to a general audience, so the party that did not back out of the agreement probably incurred unreasonable costs under the contract.
A)Customized
B)Customary
C)Perishable
D)Secondhand
7
The __________ rule states that oral evidence of an agreement made prior to or contemporaneously with the written agreement is inadmissible when the parties intend to have a written agreement be the complete and final version of the agreement.
A)Equal dignity
B)Promissory estoppel
C)Parole evidence
D)Statute of Frauds
8
Which of the following is not an exception to the parole evidence rule?
A)A contract that has been subsequently modified by the parties
B)A contract involving real estate
C)A contract conditioned on orally agreed-upon terms
D)All of the above are valid exceptions to the parole evidence rule
9
According to the Uniform Commercial Code (UCC), parole evidence is admissible for the sake of clarification if it addresses __________ dealings between the parties or __________ of trade in the business they are operating.
A)Prior; usages
B)Prior; evidence
C)Subsequent; usages
D)Subsequent; evidence
10
__________ contracts are written contracts intended to be the complete and final representation of the parties' agreement.
A)Integrated
B)Segregated
C)Amalgamated
D)Collaborated





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