Indicate whether each of the following statements is true or false by writing T or F in the answer column.
1. Some types of contracts must be in writing to be enforceable. 1. __________
2. The parol evidence rule affects the enforceability of contracts that include oral or written changes in the terms of an existing contract. 2. __________
3. The Statute of Frauds specifies that certain kinds of contracts must be in writing.
3. __________
4. Oral or written evidence cannot legally be introduced to explain unclear portions of a contract. ` 4. __________
5. A valid contract can be entirely handwritten. 5. __________
6. Promises made in anticipation of marriage are enforceable. 6. __________
7. An agreement to guarantee debts of another generally must be in writing to be enforceable. 7. __________
8. The requirement of writing does not apply in auction sales. 8. __________
9. An agreement that cannot be completed within six months must be in writing.
9. __________
10. An agreement for the sale of personal property for over $ 500 must be in writing to be enforceable. 10. __________
11. An agreement for the sale of real estate must be in writing to be enforceable.
11. __________
12. An agreement by an administrator or executor to pay the debts of the deceased must be in writing to be enforceable. 12. __________
13. The Statute of Frauds applies only to contracts that have yet to be performed.
13. __________
14. A series of letters or e- mail messages among several persons can satisfy the Statute of Frauds. 14. __________
15. A valid contract must be typed, printed, or written in pen. 15. __________