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Contracts: Statute of Frauds Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. A statute of frauds will likely cover all of the following except:

Question 2 2. Let's say that I agree to sell you my TV. I'll deliver the TV to you six months from today. This contract may not need to be in writing, because six months isn't more than a year away. But we need to know how much you've agreed to pay for the TV. According to _, if it's over _, then the contract needs to be in writing.

Question 3 3. I own a landscaping company and agree to sell you 300 pansies for $2 each. After our agreement, you find the same pansies from another supplier for only $1 each. If I sue you to enforce our agreement, I'll need to show:

Question 4 4. Which of the following statements is not true?

Question 5 5. You and I have an oral contract for the sale of my original artwork. I'm going to paint you a picture of your grandmother and you'll pay me $1000. I buy the canvas and the paint colors you've requested. I start the painting but it's not finished. You then call me and cancel your order. You refuse to pay me, saying the statute of frauds makes our oral contract unenforceable. Which of the following is true?

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Question 6 6. What uniform act covers sales and other commercial transactions?

Question 7 7.

Some oral contracts aren't enforceable unless the contract is _ and .

1. Written

2. Signed

3. Notarized

4. Witnessed

Question 8 8. Which of the following statements is not true?

Question 9 9.

There are several common exceptions to a statute of frauds. They include:

1. Admission

2. Performance

3. Promissory Estoppel

4. Imminent Domain

Question 10 10. The purpose behind a statute of frauds is:

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Question 11 11. Ann contracts with Sleepy Motel to clean the ice machines at the motel once a week for three years. Part of their oral agreement was that she attend to her cleaning every Saturday.

Question 12 12. A statute of frauds will cover business contracts that can't be performed, or completed, within _.

Question 13 13. Let's say that you and I enter an oral contract. I agree to sell part of my farm to you for $10,000. After you pay a down payment of $3,000 and start building a barn, I decide I'd rather keep the entire farm. This contract will probably be enforceable, even though it's not in a signed writing, because of the .

Question 14 14. An oral contract can be enforced without meeting the requirements of a statute of frauds if the other party confesses under oath that the oral contract was made. This is known as:

Question 15 15. A statute of frauds is a:

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Question 16 16. Which of the following is not a contract category typically covered by a statute of frauds?

Question 17 17. The act that covers sales and other commercial transactions and encourages consistency between state laws is _____.

Question 18 18. Bert and Carl enter an oral contract. Bert agrees to sell his restaurant to Carl. After Carl buys new equipment and hires a wait staff, Bert decides to keep his restaurant. Which of the following is true about this contract?

Question 19 19. A statute of frauds is a law that only applies to particular types of oral contracts.

Question 20 20. When a party relied on the oral contract, resulting in harm to that party, and the other party could have reasonably foreseen that the first party would rely on the oral contract, the contract will be enforced. This is known as:

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Question 21 21. There's an exception to a statute of frauds involving the sale of land. This exception is based on:

Question 22 22. Lucy promises to buy her son and his girlfriend a new house if they get married. They get married, but then Lucy refuses to buy the house. If Lucy's son and his wife sue Lucy for enforcement of the agreement, they'll need to show:

Question 23 23. One of the exceptions to a statute of frauds involving a guarantor contract is:

Question 24 24. For example, let's say that you help me buy a new car. You tell the dealer that you promise to pay my car payments if I'm unable to pay. You would be considered a _.

Question 25 25. Some loan applicants use more than one guarantor. Which of the following statements is correct?

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Question 26 26. If the written memorandum of the oral contract omits or incorrectly states a material term, the oral contract can still be enforced. The contract won't be enforced _____.

Question 27 27. Ben helps Brooke buy a new couch. Ben tells Brooke that he promises to pay her payments if she's unable to pay. Which of the following statements is correct?

Question 28 28. You and I make an oral contract. You're going to paint my house next week and I'm going to pay you $1000. You then book another painting job and refuse to paint my house. If I want to enforce our contract against you, what do I need?

Question 29 29. Let's say that you and I made an oral contract. You're going to paint my house next week, and I'm going to pay you $1,000. You show up next week and you completely paint my house. That I can't then raise a defense that I don't owe you the $1,000 is called:

Question 30 30. You and I have an oral contract for the sale of $600 worth of oranges. You pay $300 now and plan to pay the other $300 when you receive the oranges. I ship the oranges to you, but you no longer want them. You refuse to pay me, saying the statute of frauds makes our oral contract unenforceable. Which of the following is true?

Contracts: Statute of Frauds Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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