Question

In: Finance

Match Column A with Column B 1) Guarantor of another's debt primary wants to benefit him/herself...

Match Column A with Column B

1) Guarantor of another's debt primary wants to benefit him/herself a) Party detrimentally relies on oral promise
2) Contract that cannot be performed within one year b) Indicates a contract between the parties, indicates quantity, and is signed by the party to be charged
3) Promissory estoppel exception c) A promise to pay another's debt, grant of an interest in land, a contract that cannor be performed in one year, and sale of goods of $500 or more
4) Equirable estoppel exeception d) Writing that satisfies statute but is not signed by the party to be charged
5) Sufficient writing required by the Code e) Written contract is final but not the complete agreement
6) Confirmation between merchants f) Confirmation between merchants, specially manufactured goods, judicial admissions, performance
7) Parol evidence rule g) leading object rule
8) partial integration h) eliminates prior or contemporaneous evidence that varies, contradicts, or modifies a written contract
9) contracts granting interest in land i) part or full performance by one party
10) merger or integration clause j) two-year employment contract
11) code exceptions to the statute of frauds k) "This is the parties entire agreement"
12) Contracts within the statute of frauds clause l) easement, mortgage, lease for more than a year

Solutions

Expert Solution

Column A Correct Match
) Guarantor of another's debt primary wants to benefit him/herself g) leading object rule
2) Contract that cannot be performed within one year f) Confirmation between merchants, specially manufactured goods, judicial admissions, performance
3) Promissory estoppel exception a) Party detrimentally relies on oral promise
4) Equirable estoppel exeception d) Writing that satisfies statute but is not signed by the party to be charged
5) Sufficient writing required by the Code j) two-year employment contract
6) Confirmation between merchants b) Indicates a contract between the parties, indicates quantity, and is signed by the party to be charged
7) Parol evidence rule h) eliminates prior or contemporaneous evidence that varies, contradicts, or modifies a written contract
8) partial integration e) Written contract is final but not the complete agreement
9) contracts granting interest in land l) easement, mortgage, lease for more than a year
10) merger or integration clause k) "This is the parties entire agreement"
11) code exceptions to the statute of frauds i) part or full performance by one party
12) Contracts within the statute of frauds clause c) A promise to pay another's debt, grant of an interest in land, a contract that cannor be performed in one year, and sale of goods of $500 or more

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