A) Marcus will be required to pay the interest amounts because the agreement involving performing services in lieu of paying interest was not in writing.
B) Marcus will be required to pay the interest amounts because the parol evidence rule bars evidence of any oral agreement outside the written agreement.
C) Assuming the court credits Marcus' account of events, Marcus will not be required to pay the interest amounts because the oral agreement will be considered a separate enforceable agreement.
D) Assuming the court credits Marcus' account of events, Marcus will not be required to pay the interest amounts because the oral agreement will be considered an extension and part of the original written agreement.
E) Assuming the court credits Marcus' account of events, based on the parol evidence rule, Marcus will be required to pay only 1/2 of the interest amounts.
Correct Answer
verified
Multiple Choice
A) The party against whom action is sought
B) The offeror only
C) The offeree only
D) Only a person who has agreed to pay the debt of another
E) Any party to the contract
Correct Answer
verified
Multiple Choice
A) Yes, if it is over $500.
B) Yes, because even if he worked around the clock for a year, it is highly unlikely the contract can be performed within a year.
C) Yes, because contracts that cannot be performed within a year fall within the statute of frauds and must be in writing.
D) No, because contracts that cannot be performed within a year are outside the statute of frauds.
E) No, because even though highly unlikely, the project can theoretically be completed within one year and does not have to be in writing.
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) Advanced condition.
B) Foreseeable condition.
C) Precedent condition.
D) Condition precedent.
E) Condition subsequent.
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) The statute is intended to prevent oral claims to the existence of a contract for the sale of land.
B) The statute requires a writing as evidence of a contract to sell land.
C) A claim to an oral contract for the sale of land is not enough to prove a contract of sale existed.
D) Mortgages on land are within the statute of frauds.
E) No leases are within the statute of frauds.
Correct Answer
verified
Multiple Choice
A) Jonie and Kiel promise to marry each other.
B) Jonie promises to buy Kiel a big ring if they get married.
C) Jonie promises that his house will also be Kiel's house when they get married.
D) Jonie promises he will marry Kiel in two years and pay for a big wedding.
E) Kiel promises to marry Jonie and take Jonie on a honeymoon to Paris.
Correct Answer
verified
Multiple Choice
A) Damian is correct.
B) Damian is incorrect because under the parol evidence rule, Frida, as the buyer, would be allowed to identify the subject matter in the event of a discrepancy.
C) Damian is incorrect because under the parol evidence rule, the judge would likely allow oral evidence regarding the house at issue in order to clarify an ambiguity.
D) Damian is incorrect because the parol evidence rule would not apply in situations involving an ambiguity.
E) Damian is incorrect because the parol evidence rule would not apply in the absence of a merger clause.
Correct Answer
verified
Multiple Choice
A) German law does not have a parol evidence rule.
B) France has a limited parol evidence rule.
C) The parol evidence rule in France does not apply to commercial contracts.
D) England requires that promises to pay for the debt of others be in writing.
E) England has significantly increased the number of contracts falling within the statute of frauds since the original act was passed.
Correct Answer
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