What
types of contracts fall within the statute of frauds?
2.
Barney Beatum is a 50 year old billionaire who has attained his
fortune by questionable means. Barney falls in love with a
beautiful, but poor farmer’s daughter named Rose Bloom. Barney
proposes marriage to Rose and she turns him down flat. So, Barney
goes to Rose’s father and tells him that if Rose agrees to marry
him, he will give her a large tract of farming land and her...
QUESTION 1
Which of the following modified contracts falls within the
statute of frauds?
a.
A contract for the sale of 800 widgets at $1.00 each is modified
to 400 widgets at $1.00 each.
b.
A contract for the sale of 400 widgets at $1.00 each is modified
to 800 widgets at $1.00 each
c.
A contract for the sale of 40 widgets at $1.00 each is modified
to 400 widgets at $1.00 each.
d.
A contract for employment for...
13) Which of the following is a requirement made by the Statute
of Frauds when a party sues to enforce an alleged contract?
A)
A memorandum must be in existence at the time suit is
brought.
B)
The contract must contain more essential terms of the contract
than the memorandum.
C)
Any person who signs the memorandum must sign with the
intention of being bound.
D)
A memorandum must be made at the time the contract is
executed.
14) A...
1. Under the Statute of Frauds, contracts that cannot be
performed within one year from the day after the date of formation
must be in writing. When does the time begin to run: 1. The time
begins to run from the day the contract was signed. 2. The time
begins to run from the day after the contract was signed. 3. The
time begins to run at the exact time that the parties signed the
contract. 4. The time begins...
The
statute of Frauds states that certain types of contracts must be in
writing. Does the coverage of the statute of frauds make sense as
it currently stands? Would it be better to expand the law and
require that all contracts be in writing? Or should the law be done
away with altogether? Explain each answer in details ..
Does the coverage of the Statute of Frauds make sense as it
currently stands? Would it be better to expand the law and require
that all contracts be in writing? Or should the law be done away
with altogether? 250 word minimum.
1.
What are the exceptions to the need for a writing (statute of frauds) under the UCC for the sale of goods over $500?
2.
What is required of the seller under a shipment contract?
3.
What is the difference between "cover" and "cure"?